NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $46.83.

NXRT has been the subject of a number of recent research reports. JMP Securities raised their price target on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd. Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, October 21st. StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial lifted their target price on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Compass Point lifted their target price on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 31st.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of institutional investors have recently added to or reduced their stakes in NXRT. Sei Investments Co. grew its stake in NexPoint Residential Trust by 11.2% in the 1st quarter. Sei Investments Co. now owns 27,921 shares of the financial services provider’s stock valued at $899,000 after acquiring an additional 2,803 shares during the period. Russell Investments Group Ltd. grew its stake in NexPoint Residential Trust by 4.0% in the 1st quarter. Russell Investments Group Ltd. now owns 47,511 shares of the financial services provider’s stock valued at $1,529,000 after acquiring an additional 1,815 shares during the period. State Board of Administration of Florida Retirement System grew its stake in NexPoint Residential Trust by 53.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,860 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 3,420 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in NexPoint Residential Trust by 1.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 47,286 shares of the financial services provider’s stock valued at $1,521,000 after acquiring an additional 477 shares during the period. Finally, BOKF NA grew its stake in NexPoint Residential Trust by 3.1% in the 1st quarter. BOKF NA now owns 176,579 shares of the financial services provider’s stock valued at $5,575,000 after acquiring an additional 5,248 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

NXRT opened at $46.48 on Friday. NexPoint Residential Trust has a 12-month low of $28.20 and a 12-month high of $48.37. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The firm has a market capitalization of $1.18 billion, a PE ratio of 26.56, a P/E/G ratio of 1.53 and a beta of 1.37. The firm has a 50 day moving average of $44.14 and a two-hundred day moving average of $41.80.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The business had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $64.69 million. During the same period in the prior year, the business posted $0.76 earnings per share. On average, analysts anticipate that NexPoint Residential Trust will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a yield of 4.39%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 116.57%.

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.