Analysts Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Target Price at $43.58

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $43.58.

A number of equities research analysts recently weighed in on the stock. Compass Point restated a “neutral” rating and set a $42.50 price objective (down from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. Jefferies Financial Group boosted their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Citizens Jmp cut shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Finally, Raymond James cut shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th.

NexPoint Residential Trust Stock Performance

NXRT stock opened at $33.90 on Wednesday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $857.09 million, a price-to-earnings ratio of 19.37, a PEG ratio of 2.34 and a beta of 1.08. NexPoint Residential Trust has a 1 year low of $30.98 and a 1 year high of $48.37. The stock’s fifty day moving average is $35.56 and its two-hundred day moving average is $38.82.

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

NexPoint Residential Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.51 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a yield of 6.02%. NexPoint Residential Trust’s dividend payout ratio is currently -159.37%.

Insider Buying and Selling

In related news, insider Paul Richards purchased 5,814 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $33.24 per share, with a total value of $193,257.36. Following the purchase, the insider now owns 18,493 shares of the company’s stock, valued at $614,707.32. This trade represents a 45.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 15.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in NexPoint Residential Trust by 87.1% during the 4th quarter. Bank of America Corp DE now owns 102,499 shares of the financial services provider’s stock valued at $4,279,000 after acquiring an additional 47,714 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of NexPoint Residential Trust during the 4th quarter valued at about $458,000. Teacher Retirement System of Texas lifted its holdings in shares of NexPoint Residential Trust by 226.0% during the 4th quarter. Teacher Retirement System of Texas now owns 22,249 shares of the financial services provider’s stock valued at $929,000 after buying an additional 15,425 shares during the last quarter. Versor Investments LP acquired a new stake in shares of NexPoint Residential Trust during the 4th quarter valued at about $288,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of NexPoint Residential Trust during the 4th quarter valued at about $575,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

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.