NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $46.83.

NXRT has been the subject of a number of recent analyst reports. Truist Financial increased their target price 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. StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th.

NexPoint Residential Trust Stock Down 2.0 %

NexPoint Residential Trust stock opened at $44.67 on Wednesday. The company has a 50-day simple moving average of $44.83 and a 200-day simple moving average of $43.13. The firm has a market capitalization of $1.13 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.69 and a beta of 1.40. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust has a one year low of $28.20 and a one year high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The company had revenue of $64.10 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.76 EPS. As a group, equities analysts expect that NexPoint Residential Trust will post 2.78 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, December 13th. This is a positive change 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 4.57%. NexPoint Residential Trust’s dividend payout ratio is currently 105.71%.

Institutional Trading of NexPoint Residential Trust

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of NexPoint Residential Trust by 24.2% in the second quarter. SG Americas Securities LLC now owns 9,919 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 1,932 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of NexPoint Residential Trust by 5.0% in the second quarter. Nisa Investment Advisors LLC now owns 11,169 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 528 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NexPoint Residential Trust by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 244,264 shares of the financial services provider’s stock worth $9,651,000 after purchasing an additional 9,297 shares in the last quarter. Signaturefd LLC lifted its position in shares of NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 732 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of NexPoint Residential Trust by 7.3% in the second quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 236 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

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.