Raymond James Cuts NexPoint Residential Trust (NYSE:NXRT) Price Target to $44.00

NexPoint Residential Trust (NYSE:NXRT) had its target price reduced by Raymond James from $50.00 to $44.00 in a research note released on Thursday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. Truist Financial boosted their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Finally, Jefferies Financial Group boosted their target price on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.33.

NexPoint Residential Trust Trading Down 1.3 %

Shares of NXRT stock opened at $37.79 on Thursday. The stock has a market cap of $962.23 million, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. 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 fifty-two week low of $30.02 and a fifty-two week high of $48.37. The firm’s 50 day moving average price is $39.63 and its two-hundred day moving average price is $42.51.

NexPoint Residential Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.40%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -20,400.00%.

Institutional Trading of NexPoint Residential Trust

Several institutional investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. acquired a new position in shares of NexPoint Residential Trust in the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC lifted its holdings in NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 456 shares during the last quarter. Meeder Asset Management Inc. bought a new position in NexPoint Residential Trust in the third quarter worth about $42,000. Quest Partners LLC lifted its holdings in NexPoint Residential Trust by 104,800.0% in the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,048 shares during the last quarter. Finally, KBC Group NV lifted its holdings in NexPoint Residential Trust by 60.7% in the third quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 538 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

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.