NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $49.00.

A number of equities research analysts have commented on the company. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, October 21st. StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th.

NexPoint Residential Trust Price Performance

Shares of NexPoint Residential Trust stock opened at $39.19 on Friday. NexPoint Residential Trust has a one year low of $28.20 and a one year high of $48.37. The stock’s fifty day moving average is $43.61 and its 200 day moving average is $43.58. The stock has a market cap of $995.45 million, a P/E ratio of 22.39, a P/E/G ratio of 2.25 and a beta of 1.42. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same period in the prior year, the business posted $0.76 earnings per share. Sell-side analysts anticipate that NexPoint Residential Trust will post 2.85 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.04 annualized dividend and a yield of 5.21%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 116.57%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Valley Wealth Managers Inc. purchased a new position in shares of NexPoint Residential Trust during the third quarter valued at approximately $27,000. Point72 DIFC Ltd purchased a new stake in shares of NexPoint Residential Trust in the second quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 232 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of NexPoint Residential Trust in the third quarter valued at approximately $42,000. Finally, Quest Partners LLC boosted its holdings in shares of NexPoint Residential Trust by 104,800.0% in the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,048 shares during the period. Hedge funds and other institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.