NexPoint Residential Trust (NYSE:NXRT) Earns “Hold” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their hold rating on shares of NexPoint Residential Trust (NYSE:NXRTFree Report) in a report published on Tuesday, Benzinga reports. The brokerage currently has a $38.00 price target on the financial services provider’s stock.

Several other research analysts have also commented on NXRT. JMP Securities reiterated a market outperform rating and issued a $40.00 price target on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. Raymond James upgraded NexPoint Residential Trust from an underperform rating to a market perform rating in a research report on Friday, May 24th. Finally, Truist Financial dropped their price target on NexPoint Residential Trust from $35.00 to $34.00 and set a hold rating for the company in a research report on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $37.00.

Check Out Our Latest Analysis on NexPoint Residential Trust

NexPoint Residential Trust Stock Performance

Shares of NYSE:NXRT opened at $37.52 on Tuesday. The firm has a fifty day simple moving average of $34.95 and a two-hundred day simple moving average of $32.86. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $963.14 million, a P/E ratio of 13.26, a PEG ratio of 1.11 and a beta of 1.33. NexPoint Residential Trust has a 52 week low of $26.21 and a 52 week high of $49.87.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.4624 dividend. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.85 dividend on an annualized basis and a yield of 4.93%. NexPoint Residential Trust’s payout ratio is 65.37%.

Insider Buying and Selling

In other news, insider Brian Mitts sold 5,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $34.25, for a total transaction of $171,250.00. Following the transaction, the insider now directly owns 66,947 shares of the company’s stock, valued at $2,292,934.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of large investors have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in NexPoint Residential Trust by 22.0% in the first quarter. Janus Henderson Group PLC now owns 12,352 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 2,227 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in NexPoint Residential Trust during the 1st quarter worth about $212,000. BOKF NA grew its position in NexPoint Residential Trust by 3.1% during the 1st quarter. BOKF NA now owns 176,579 shares of the financial services provider’s stock worth $5,575,000 after purchasing an additional 5,248 shares during the period. CANADA LIFE ASSURANCE Co grew its position in NexPoint Residential Trust by 1.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 47,286 shares of the financial services provider’s stock worth $1,521,000 after purchasing an additional 477 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in NexPoint Residential Trust by 53.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,860 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 3,420 shares during the period. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Company Profile

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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.

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Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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