NexPoint Residential Trust (NYSE:NXRT) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of NexPoint Residential Trust (NYSE:NXRT) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

A number of other research firms also recently issued reports on NXRT. Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.00.

NexPoint Residential Trust Stock Down 4.3 %

NXRT opened at $39.79 on Monday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.69 and a beta of 1.42. The firm has a 50 day moving average price of $44.35 and a 200-day moving average price of $43.60. NexPoint Residential Trust has a twelve month low of $28.20 and a twelve month high of $48.37. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The company had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $64.69 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Equities research analysts forecast that NexPoint Residential Trust will post 2.78 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.13%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio is currently 116.57%.

Institutional Trading of NexPoint Residential Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Long Pond Capital LP bought a new stake in NexPoint Residential Trust during the 2nd quarter valued at approximately $24,273,000. Geode Capital Management LLC raised its position in shares of NexPoint Residential Trust by 0.5% during the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after buying an additional 2,740 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of NexPoint Residential Trust by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock valued at $13,399,000 after buying an additional 23,888 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of NexPoint Residential Trust by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock worth $14,641,000 after acquiring an additional 8,795 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in NexPoint Residential Trust by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 244,264 shares of the financial services provider’s stock valued at $9,651,000 after acquiring an additional 9,297 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors.

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.