NexPoint Residential Trust (NYSE:NXRT) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $42.91 and traded as low as $37.73. NexPoint Residential Trust shares last traded at $38.68, with a volume of 115,814 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James upgraded shares of 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 note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

NexPoint Residential Trust Trading Up 1.7 %

The stock has a market capitalization of $982.55 million, a P/E ratio of 22.10, a PEG ratio of 2.31 and a beta of 1.42. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The stock’s fifty day moving average price is $42.91 and its 200 day moving average price is $43.59.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). The company had revenue of $64.10 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $0.76 earnings per share. Research analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, December 13th. This is an increase 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 5.27%. NexPoint Residential Trust’s payout ratio is presently 116.57%.

Hedge Funds Weigh In On NexPoint Residential Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXRT. Envestnet Asset Management Inc. increased its stake in shares of NexPoint Residential Trust by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 139,658 shares of the financial services provider’s stock worth $5,518,000 after purchasing an additional 1,024 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of NexPoint Residential Trust by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock worth $13,399,000 after buying an additional 23,888 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in NexPoint Residential Trust in the 2nd quarter worth approximately $201,000. Intech Investment Management LLC bought a new position in shares of NexPoint Residential Trust during the 2nd quarter valued at about $266,000. Finally, Sei Investments Co. increased its position in shares of NexPoint Residential Trust by 11.8% during the second quarter. Sei Investments Co. now owns 31,222 shares of the financial services provider’s stock valued at $1,234,000 after buying an additional 3,301 shares during the period. 76.61% of the stock is currently owned by institutional investors.

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.