NexPoint Residential Trust (NYSE:NXRT) Shares Pass Below 50 Day Moving Average – What’s Next?

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $42.91 and traded as low as $37.73. NexPoint Residential Trust shares last traded at $38.68, with a volume of 115,814 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.00.

NexPoint Residential Trust Trading Up 1.7 %

The firm has a market capitalization of $982.55 million, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The company’s 50-day simple moving average is $42.91 and its 200 day simple moving average is $43.55.

NexPoint Residential Trust (NYSE:NXRT) last posted 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 firm had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same period in the previous year, the company earned $0.76 EPS. As a group, sell-side analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.51 dividend. The ex-dividend date was Friday, December 13th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 5.27%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 116.57%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC grew its position in NexPoint Residential Trust by 160.3% during the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock worth $2,554,000 after purchasing an additional 35,741 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of NexPoint Residential Trust by 0.5% during the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after buying an additional 2,740 shares during the last quarter. Franklin Resources Inc. increased its position in shares of NexPoint Residential Trust by 164.0% in the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock valued at $1,506,000 after acquiring an additional 21,660 shares during the period. BNP Paribas Financial Markets raised its stake in NexPoint Residential Trust by 23.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,348 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in NexPoint Residential Trust by 8.3% during the 3rd quarter. Stifel Financial Corp now owns 54,646 shares of the financial services provider’s stock worth $2,405,000 after acquiring an additional 4,189 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.