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

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) 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.

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:NXRT) 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

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.