Brokerages Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Price Target at $46.83

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

Several equities research analysts recently issued reports on NXRT shares. Compass Point increased their target price on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Truist Financial raised their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. JMP Securities lifted their target price on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, October 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new position in NexPoint Residential Trust during the third quarter valued at approximately $27,000. Point72 DIFC Ltd bought a new position in shares of NexPoint Residential Trust during the 2nd quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 232 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in NexPoint Residential Trust in the third quarter worth $42,000. Finally, Signaturefd LLC raised its stake in NexPoint Residential Trust by 238.4% during the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 0.5 %

NYSE:NXRT opened at $47.48 on Friday. 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 firm has a market cap of $1.21 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.57 and a beta of 1.37. NexPoint Residential Trust has a fifty-two week low of $28.20 and a fifty-two week high of $48.37. The firm has a 50-day simple moving average of $44.20 and a two-hundred day simple moving average of $42.13.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.01). The business had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same quarter in the previous year, the business posted $0.76 earnings per share. Analysts predict that NexPoint Residential Trust will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 annualized dividend and a yield of 4.30%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s payout ratio is presently 105.71%.

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.