NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives $49.00 Consensus PT from Analysts

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Two investment 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 analysts that have issued a report on the stock in the last year is $49.00.

NXRT has been the topic of several recent analyst reports. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note 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 Investors Weigh In On NexPoint Residential Trust

Several hedge funds and other institutional investors have recently made changes to their positions in NXRT. Long Pond Capital LP purchased a new position in NexPoint Residential Trust during the 2nd quarter worth $24,273,000. Geode Capital Management LLC boosted its holdings in 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 worth $25,358,000 after purchasing an additional 2,740 shares during the last quarter. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 23,888 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in NexPoint Residential Trust by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock valued at $14,641,000 after buying an additional 8,795 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of NexPoint Residential Trust by 10.5% during the 2nd quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider’s stock worth $6,389,000 after buying an additional 15,400 shares in the last quarter. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT opened at $38.83 on Friday. The company has a market capitalization of $986.44 million, a PE ratio of 22.19, a P/E/G ratio of 2.69 and a beta of 1.42. 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 has a twelve month low of $28.20 and a twelve month high of $48.37. The firm has a fifty day simple moving average of $43.93 and a 200 day simple moving average of $43.61.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The business had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period last year, the business posted $0.76 earnings per share. On average, sell-side analysts forecast that NexPoint Residential Trust will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.51 per share. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, December 13th. This represents a $2.04 annualized dividend and a dividend yield of 5.25%. NexPoint Residential Trust’s payout ratio is currently 116.57%.

NexPoint Residential Trust Company Profile

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.