NexPoint Residential Trust’s (NXRT) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities restated their market perform rating on shares of NexPoint Residential Trust (NYSE:NXRT) in a research note published on Monday morning,Benzinga reports.

Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Compass Point restated a “neutral” rating and set a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Raymond James downgraded shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Jefferies Financial Group boosted their target price on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Finally, Truist Financial boosted their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.25.

NexPoint Residential Trust Trading Down 2.5%

NYSE:NXRT opened at $36.09 on Monday. NexPoint Residential Trust has a 12 month low of $30.98 and a 12 month high of $48.37. The firm has a fifty day simple moving average of $37.07 and a 200-day simple moving average of $40.34. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The company has a market capitalization of $912.54 million, a P/E ratio of 20.62, a PEG ratio of 2.34 and a beta of 1.14.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The business had revenue of $63.22 million during the quarter, compared to the consensus estimate of $63.29 million. On average, equities research analysts anticipate that NexPoint Residential Trust will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.65%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -159.37%.

Insiders Place Their Bets

In other news, insider Paul Richards acquired 5,814 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $33.24 per share, for a total transaction of $193,257.36. Following the completion of the transaction, the insider now owns 18,493 shares in the company, valued at approximately $614,707.32. The trade was a 45.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.36% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in NexPoint Residential Trust by 1,732.4% in the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock valued at $25,000 after buying an additional 589 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of NexPoint Residential Trust during the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC lifted its position in shares of NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 456 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of NexPoint Residential Trust in the first quarter worth approximately $53,000. Finally, Quantbot Technologies LP purchased a new stake in shares of NexPoint Residential Trust during the first quarter worth approximately $56,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

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.