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

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two 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 target among analysts that have updated their coverage on the stock in the last year is $49.00.

Several research analysts have recently weighed in on NXRT shares. Deutsche Bank Aktiengesellschaft lifted their price objective on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, October 21st. StockNews.com cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday. Finally, Truist Financial lifted their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NXRT. Long Pond Capital LP bought a new stake in NexPoint Residential Trust during the second quarter worth $24,273,000. Geode Capital Management LLC boosted its holdings in NexPoint Residential Trust by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock worth $25,358,000 after acquiring an additional 2,740 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NexPoint Residential Trust by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock worth $13,399,000 after acquiring an additional 23,888 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of NexPoint Residential Trust by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock valued at $14,641,000 after purchasing an additional 8,795 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of 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 purchasing an additional 9,297 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

NYSE:NXRT opened at $42.52 on Wednesday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust has a fifty-two week low of $28.20 and a fifty-two week high of $48.37. The company has a 50 day simple moving average of $44.87 and a two-hundred day simple moving average of $43.21. The company has a market capitalization of $1.08 billion, a PE ratio of 24.30, a P/E/G ratio of 2.69 and a beta of 1.40.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data 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). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The firm had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period in the prior year, the company posted $0.76 earnings per share. Research analysts anticipate that NexPoint Residential Trust will post 2.78 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is 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.