NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives $49.00 Consensus Target Price from Brokerages

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $49.00.

Several equities analysts have recently commented on the stock. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, October 21st. StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Long Pond Capital LP acquired a new position in shares of NexPoint Residential Trust during the second quarter worth $24,273,000. Foundry Partners LLC bought a new position in NexPoint Residential Trust during the 3rd quarter worth $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 buying an additional 100,714 shares during the period. Jane Street Group LLC grew 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 buying an additional 35,741 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of NexPoint Residential Trust in the third quarter valued at about $1,166,000. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Trading Up 1.6 %

Shares of NYSE:NXRT opened at $38.83 on Friday. The business’s 50 day simple moving average is $43.93 and its 200 day simple moving average is $43.61. NexPoint Residential Trust has a 1 year low of $28.20 and a 1 year high of $48.37. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $986.44 million, a P/E ratio of 22.19, a P/E/G ratio of 2.69 and a beta of 1.42.

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

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.25%. This is a boost 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%.

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.