NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Average Recommendation of “Hold” by Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have received an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $44.25.

Several equities research analysts recently issued reports on NXRT shares. Truist Financial raised their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Compass Point restated a “neutral” rating and issued a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. Raymond James lowered NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. JMP Securities reissued a “market perform” rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Finally, Citizens Jmp cut NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th.

NexPoint Residential Trust Trading Down 2.0%

Shares of NYSE:NXRT opened at $33.34 on Friday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust has a 1 year low of $30.98 and a 1 year high of $48.37. The company has a market cap of $842.88 million, a P/E ratio of 19.05, a PEG ratio of 2.34 and a beta of 1.14. The stock’s fifty day moving average price is $36.73 and its 200-day moving average price is $40.16.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $63.22 million for the quarter, compared to analysts’ expectations of $63.29 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. Sell-side analysts expect that NexPoint Residential Trust will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, June 16th. This represents a $2.04 annualized dividend and a yield of 6.12%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -159.37%.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Paul Richards bought 5,814 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were bought at an average price of $33.24 per share, for a total transaction of $193,257.36. Following the purchase, the insider now owns 18,493 shares in the company, valued at approximately $614,707.32. The trade was a 45.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of hedge funds have recently modified their holdings of NXRT. Franklin Resources Inc. lifted its stake in shares of NexPoint Residential Trust by 164.0% during the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock valued at $1,506,000 after buying an additional 21,660 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in NexPoint Residential Trust by 16.7% during the third quarter. JPMorgan Chase & Co. now owns 117,090 shares of the financial services provider’s stock valued at $5,153,000 after acquiring an additional 16,746 shares during the period. SG Americas Securities LLC lifted its position in shares of NexPoint Residential Trust by 3.7% in the fourth quarter. SG Americas Securities LLC now owns 16,249 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 579 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of NexPoint Residential Trust by 0.9% in the fourth quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider’s stock valued at $37,982,000 after acquiring an additional 8,072 shares in the last quarter. Finally, abrdn plc boosted its stake in shares of NexPoint Residential Trust by 30.6% in the fourth quarter. abrdn plc now owns 6,068 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 1,423 shares during the period. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Company Profile

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.