NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Average Rating of “Hold” from Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have covered the stock in the last year is $43.58.

NXRT has been the subject of several research reports. Compass Point reissued a “neutral” rating and issued a $42.50 price objective (down from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Citizens Jmp cut NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Jefferies Financial Group increased their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Raymond James Financial cut NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th.

Insider Buying and Selling

In other news, insider Paul Richards bought 5,814 shares of NexPoint Residential Trust stock in a transaction dated Monday, April 7th. The shares were bought at an average price of $33.24 per share, for a total transaction of $193,257.36. Following the purchase, the insider owned 18,493 shares of the company’s stock, valued at approximately $614,707.32. This trade represents a 45.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 11,814 shares of company stock valued at $391,037 over the last three months. 15.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of 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 purchasing an additional 589 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of NexPoint Residential Trust in the 4th quarter valued at $35,000. Smartleaf Asset Management LLC boosted its stake in shares of NexPoint Residential Trust by 104.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after purchasing 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 1st quarter valued at $53,000. Finally, Quantbot Technologies LP acquired a new stake in shares of NexPoint Residential Trust in the 1st quarter valued at $56,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Up 0.7%

Shares of NexPoint Residential Trust stock opened at $33.99 on Friday. The stock has a market capitalization of $859.44 million, a P/E ratio of -26.55, a PEG ratio of 2.02 and a beta of 1.06. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 3.86. The stock has a 50 day moving average price of $34.91 and a two-hundred day moving average price of $37.58. NexPoint Residential Trust has a 12-month low of $30.98 and a 12-month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a negative return on equity of 7.42% and a negative net margin of 12.57%. The firm had revenue of $63.22 million during the quarter, compared to analysts’ expectations of $63.29 million. Equities analysts expect that NexPoint Residential Trust will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.51 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.04 annualized dividend and a yield of 6.00%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -159.37%.

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.