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

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.33.

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

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT opened at $40.44 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. The company has a market capitalization of $1.03 billion, a PE ratio of 23.11, a P/E/G ratio of 2.34 and a beta of 1.43. The firm has a fifty day simple moving average of $39.63 and a 200 day simple moving average of $42.18. NexPoint Residential Trust has a twelve month low of $30.21 and a twelve month high of $48.37.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.04%. NexPoint Residential Trust’s dividend payout ratio is -20,400.00%.

Hedge Funds Weigh In On NexPoint Residential Trust

Large investors have recently modified their holdings of the company. Nexpoint Asset Management L.P. increased its stake in NexPoint Residential Trust by 100.0% during the 4th quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider’s stock valued at $65,245,000 after purchasing an additional 781,266 shares in the last quarter. Millennium Management LLC increased its holdings in NexPoint Residential Trust by 194.3% during the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider’s stock worth $11,869,000 after purchasing an additional 187,680 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NexPoint Residential Trust by 386.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock worth $5,578,000 after purchasing an additional 100,714 shares in the last quarter. BROOKFIELD Corp ON purchased a new stake in shares of NexPoint Residential Trust in the fourth quarter worth approximately $3,863,000. Finally, Northern Trust Corp lifted its holdings in shares of NexPoint Residential Trust by 18.6% in the fourth quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider’s stock valued at $18,202,000 after purchasing an additional 68,471 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors.

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.