Analysts Set NexPoint Residential Trust, Inc. (NYSE:NXRT) PT at $45.00

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRTGet Free Report) have received an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $46.20.

Several brokerages have recently commented on NXRT. Deutsche Bank Aktiengesellschaft boosted their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday. Truist Financial increased their price target on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Raymond James upgraded shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a report on Friday, May 24th. Compass Point boosted their price target 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. Finally, JMP Securities boosted their price target on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd.

View Our Latest Analysis on NXRT

NexPoint Residential Trust Trading Up 0.9 %

Shares of NXRT stock opened at $45.92 on Monday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.36 and a beta of 1.38. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.00 and a quick ratio of 2.00. NexPoint Residential Trust has a 1-year low of $26.21 and a 1-year high of $48.37. The stock has a 50 day simple moving average of $43.59 and a 200-day simple moving average of $37.35.

NexPoint Residential Trust (NYSE:NXRTGet Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.29). NexPoint Residential Trust had a net margin of 32.93% and a return on equity of 17.69%. The firm had revenue of $64.24 million for the quarter, compared to analysts’ expectations of $64.99 million. During the same period last year, the firm posted $0.88 EPS. On average, equities research analysts expect that NexPoint Residential Trust will post 2.82 EPS for the current fiscal year.

NexPoint Residential Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.462 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.85 annualized dividend and a yield of 4.02%. NexPoint Residential Trust’s dividend payout ratio is currently 65.37%.

Insider Activity

In other NexPoint Residential Trust news, insider Brian Mitts sold 2,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $39.40, for a total transaction of $78,800.00. Following the sale, the insider now directly owns 65,696 shares in the company, valued at approximately $2,588,422.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Long Pond Capital LP bought a new position in NexPoint Residential Trust in the 2nd quarter valued at $24,273,000. Paralel Advisors LLC bought a new position in shares of NexPoint Residential Trust during the fourth quarter worth approximately $1,139,000. Burford Brothers Inc. acquired a new stake in NexPoint Residential Trust during the fourth quarter worth approximately $855,000. Dimensional Fund Advisors LP lifted its stake 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 valued at $13,399,000 after acquiring an additional 23,888 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of NexPoint Residential Trust by 10.5% in the 2nd quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider’s stock worth $6,389,000 after acquiring an additional 15,400 shares in the last quarter. 76.61% of the stock is owned by institutional investors.

About NexPoint Residential Trust

(Get Free Report

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.

See Also

Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.