NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Consensus Recommendation of “Hold” from Analysts

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been given an average rating of “Hold” by the four ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $49.00.

A number of analysts have weighed in on the company. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Wednesday. JMP Securities decreased their price objective on NexPoint Residential Trust from $70.00 to $55.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 26th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in NexPoint Residential Trust by 7.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,617 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 320 shares during the period. HighTower Advisors LLC acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter valued at about $542,000. Acadian Asset Management LLC purchased a new position in shares of NexPoint Residential Trust in the 1st quarter valued at about $117,000. MetLife Investment Management LLC raised its holdings in NexPoint Residential Trust by 51.7% in the 1st quarter. MetLife Investment Management LLC now owns 11,855 shares of the financial services provider’s stock worth $1,071,000 after purchasing an additional 4,041 shares during the period. Finally, Panagora Asset Management Inc. purchased a new position in NexPoint Residential Trust during the first quarter worth approximately $335,000. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Price Performance

Shares of NXRT opened at $36.47 on Thursday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50 day moving average price of $41.53 and a 200-day moving average price of $42.88. NexPoint Residential Trust has a fifty-two week low of $35.42 and a fifty-two week high of $55.04. The stock has a market capitalization of $936.18 million, a PE ratio of -214.52, a PEG ratio of 1.52 and a beta of 1.08.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.61%. NexPoint Residential Trust’s payout ratio is -988.18%.

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.