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

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $46.33.

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

Hedge Funds Weigh In On NexPoint Residential Trust

A number of large investors have recently modified their holdings of the stock. Jane Street Group LLC raised its position in shares of NexPoint Residential Trust by 160.3% during 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 acquiring an additional 35,741 shares during the last quarter. Geode Capital Management LLC grew its position in shares of NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after purchasing an additional 2,740 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of NexPoint Residential Trust in the fourth quarter valued at approximately $458,000. Franklin Resources Inc. lifted its holdings in shares of NexPoint Residential Trust by 164.0% in the third quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock valued at $1,506,000 after purchasing an additional 21,660 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in NexPoint Residential Trust by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 117,090 shares of the financial services provider’s stock valued at $5,153,000 after buying an additional 16,746 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Price Performance

Shares of NXRT opened at $38.84 on Friday. The stock has a fifty day moving average price of $39.60 and a 200 day moving average price of $42.34. The company has a market cap of $988.97 million, a P/E ratio of 22.19, a PEG ratio of 2.34 and a beta of 1.43. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust has a 12 month low of $30.21 and a 12 month high of $48.37.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 5.25%. NexPoint Residential Trust’s dividend payout ratio is -20,400.00%.

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.