Analysts Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Target Price at $46.83

NexPoint Residential Trust, Inc. (NYSE:NXRT) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $46.83.

A number of brokerages have recently weighed in on NXRT. Deutsche Bank Aktiengesellschaft boosted their price target on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Truist Financial lifted 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. JMP Securities increased their price objective on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Compass Point lifted their target price on NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th.

NexPoint Residential Trust Stock Performance

NexPoint Residential Trust stock opened at $47.06 on Friday. NexPoint Residential Trust has a 52 week low of $28.20 and a 52 week high of $48.37. 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 stock has a market cap of $1.20 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. The stock has a 50 day moving average of $44.15 and a 200-day moving average of $41.97.

NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period in the previous year, the firm posted $0.76 EPS. On average, analysts expect that NexPoint Residential Trust will post 2.78 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, December 13th. This represents a $2.04 annualized dividend and a yield of 4.33%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 105.71%.

Institutional Investors Weigh In On NexPoint Residential Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Long Pond Capital LP acquired a new position in NexPoint Residential Trust in the second quarter worth approximately $24,273,000. Foundry Partners LLC acquired a new stake in shares of NexPoint Residential Trust during the third quarter worth $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NexPoint Residential Trust by 386.8% during the third 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 valued at $5,578,000 after purchasing an additional 100,714 shares during the last quarter. Jane Street Group LLC boosted its position in shares of NexPoint Residential Trust by 160.3% in the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after purchasing an additional 35,741 shares during the period. Finally, Tidal Investments LLC purchased a new position in NexPoint Residential Trust in the 3rd quarter worth about $1,166,000. 76.61% of the stock is owned by institutional investors and hedge funds.

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.