NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives $46.83 Average Target Price from Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $46.83.

NXRT has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price 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. JMP Securities lifted their price target on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new stake in shares of NexPoint Residential Trust in the third quarter worth $27,000. Point72 DIFC Ltd acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth $32,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 232 shares during the period. Signaturefd LLC raised its position in shares of NexPoint Residential Trust by 238.4% during the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock valued at $41,000 after buying an additional 732 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of NexPoint Residential Trust in the third quarter valued at about $42,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $47.06 on Friday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.55 and a beta of 1.37. NexPoint Residential Trust has a 1-year low of $28.20 and a 1-year high of $48.37. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock’s fifty day simple moving average is $44.15 and its 200-day simple moving average is $41.97.

NexPoint Residential Trust (NYSE:NXRT) last released its earnings results 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). The business had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same period last year, the firm earned $0.76 EPS. On average, sell-side analysts predict that NexPoint Residential Trust will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.51 dividend. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust’s payout ratio is 105.71%.

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.