NexPoint Residential Trust (NYSE:NXRT) Given New $43.00 Price Target at Jefferies Financial Group

NexPoint Residential Trust (NYSE:NXRT) had its target price upped by Jefferies Financial Group from $41.00 to $43.00 in a report published on Monday, MarketBeat reports. They currently have a hold rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on NXRT. Truist Financial upped their price target on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Monday. StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, NexPoint Residential Trust has a consensus rating of “Hold” and an average price target of $47.33.

NexPoint Residential Trust Price Performance

Shares of NXRT stock opened at $40.32 on Monday. 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 capitalization of $1.03 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 2.34 and a beta of 1.43. The stock has a fifty day simple moving average of $39.83 and a two-hundred day simple moving average of $42.99. NexPoint Residential Trust has a twelve month low of $29.01 and a twelve month high of $48.37.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -20,400.00%.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors have recently modified their holdings of the business. Valley Wealth Managers Inc. acquired a new position in shares of NexPoint Residential Trust during the third quarter worth about $27,000. Johnson Financial Group Inc. purchased a new position in NexPoint Residential Trust during the 4th quarter worth $35,000. Smartleaf Asset Management LLC boosted its stake in shares of NexPoint Residential Trust by 104.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock worth $37,000 after buying an additional 456 shares during the period. Meeder Asset Management Inc. acquired a new stake in NexPoint Residential Trust during the 3rd quarter worth approximately $42,000. Finally, Quest Partners LLC grew its position in NexPoint Residential Trust by 104,800.0% in the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,048 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

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.