NexPoint Residential Trust Inc (NASDAQ:NXRT) has been given an average broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $26.50 for the company and are expecting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also assigned NexPoint Residential Trust an industry rank of 172 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, July 5th. Canaccord Genuity restated a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of NexPoint Residential Trust in a research note on Monday, May 8th. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a research note on Wednesday, May 3rd.
Several institutional investors have recently modified their holdings of the company. Lyon Street Capital LLC acquired a new position in shares of NexPoint Residential Trust during the first quarter valued at about $4,855,000. AQR Capital Management LLC increased its position in shares of NexPoint Residential Trust by 1.3% in the first quarter. AQR Capital Management LLC now owns 69,543 shares of the company’s stock valued at $1,680,000 after buying an additional 904 shares in the last quarter. Bank of America Corp DE increased its position in shares of NexPoint Residential Trust by 9.7% in the first quarter. Bank of America Corp DE now owns 21,619 shares of the company’s stock valued at $522,000 after buying an additional 1,903 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of NexPoint Residential Trust by 30.6% in the first quarter. Renaissance Technologies LLC now owns 651,100 shares of the company’s stock valued at $15,731,000 after buying an additional 152,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of NexPoint Residential Trust by 34.1% in the first quarter. Dimensional Fund Advisors LP now owns 171,709 shares of the company’s stock valued at $4,148,000 after buying an additional 43,627 shares in the last quarter.
Shares of NexPoint Residential Trust (NXRT) opened at 24.63 on Wednesday. The company has a 50 day moving average price of $25.21 and a 200-day moving average price of $23.89. NexPoint Residential Trust has a 12 month low of $16.67 and a 12 month high of $26.10. The firm has a market capitalization of $518.29 million and a PE ratio of 28.61.
NexPoint Residential Trust (NASDAQ:NXRT) last issued its earnings results on Tuesday, May 2nd. The company reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.59. NexPoint Residential Trust had a negative net margin of 8.93% and a negative return on equity of 6.36%. The company had revenue of $36.99 million during the quarter, compared to analyst estimates of $36.16 million. Equities research analysts expect that NexPoint Residential Trust will post ($0.47) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.57%.
NexPoint Residential Trust Company Profile
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
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