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

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $46.33.

Several research analysts have weighed in on the company. Truist Financial increased their price objective on NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Raymond James reduced their price objective on NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, March 20th. Finally, Jefferies Financial Group boosted their target price on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Monday, March 10th.

NexPoint Residential Trust Stock Performance

NXRT opened at $38.84 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a 12-month low of $30.21 and a 12-month high of $48.37. The business has a 50 day moving average of $39.60 and a 200-day moving average of $42.34. The stock has a market cap of $988.97 million, a price-to-earnings ratio of 22.19, a PEG ratio of 2.34 and a beta of 1.43.

NexPoint Residential Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.25%. NexPoint Residential Trust’s dividend payout ratio is presently -20,400.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXRT. Jane Street Group LLC raised its stake in shares of NexPoint Residential Trust by 160.3% during the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock worth $2,554,000 after purchasing an additional 35,741 shares during the period. Geode Capital Management LLC increased its holdings in NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock worth $25,358,000 after acquiring an additional 2,740 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of NexPoint Residential Trust in the fourth quarter worth about $458,000. Franklin Resources Inc. raised its position in shares of NexPoint Residential Trust by 164.0% in the third quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock valued at $1,506,000 after purchasing an additional 21,660 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of NexPoint Residential Trust by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 117,090 shares of the financial services provider’s stock valued at $5,153,000 after buying an additional 16,746 shares in the last quarter. 76.61% of the stock is currently 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.