NexPoint Residential Trust (NYSE:NXRT) Price Target Raised to $43.00

NexPoint Residential Trust (NYSE:NXRT) had its target price upped by Jefferies Financial Group from $41.00 to $43.00 in a report issued on Monday morning, Marketbeat reports. Jefferies Financial Group currently has a hold rating on the financial services provider’s stock.

NXRT has been the topic of a number of other research reports. StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Truist Financial lifted their target price on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $47.33.

NexPoint Residential Trust Price Performance

NYSE:NXRT opened at $39.50 on Monday. 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’s 50-day simple moving average is $39.75 and its 200 day simple moving average is $42.92. The company has a market cap of $1.01 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.34 and a beta of 1.43. NexPoint Residential Trust has a 52-week low of $29.01 and a 52-week high of $48.37.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -20,400.00%.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP boosted its stake in shares of NexPoint Residential Trust by 4.1% in the third quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock valued at $267,000 after buying an additional 240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NexPoint Residential Trust by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock valued at $531,000 after buying an additional 266 shares during the period. Van ECK Associates Corp boosted its stake in shares of NexPoint Residential Trust by 8.6% in the fourth quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock valued at $177,000 after buying an additional 336 shares during the period. Capital Square LLC boosted its stake in shares of NexPoint Residential Trust by 2.9% in the fourth quarter. Capital Square LLC now owns 12,741 shares of the financial services provider’s stock valued at $493,000 after buying an additional 356 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of NexPoint Residential Trust by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider’s stock valued at $5,892,000 after buying an additional 364 shares during the period. Institutional investors and hedge funds 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.