NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Average Rating of “Hold” by Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have received an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $37.25.

NXRT has been the topic of a number of analyst reports. Janney Montgomery Scott downgraded shares of NexPoint Residential Trust from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Wednesday, December 20th. Truist Financial cut their price objective on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of NexPoint Residential Trust in a research note on Tuesday, January 30th. They issued a “buy” rating and a $38.00 target price for the company. Finally, Raymond James cut shares of NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th.

Institutional Trading of NexPoint Residential Trust

A number of institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. lifted its stake in NexPoint Residential Trust by 192.6% during the 1st quarter. Federated Hermes Inc. now owns 401,807 shares of the financial services provider’s stock valued at $36,287,000 after acquiring an additional 264,502 shares during the period. BlackRock Inc. lifted its stake in NexPoint Residential Trust by 6.0% during the 2nd quarter. BlackRock Inc. now owns 4,642,552 shares of the financial services provider’s stock valued at $211,143,000 after acquiring an additional 260,893 shares during the period. Millennium Management LLC lifted its stake in NexPoint Residential Trust by 103.3% during the 4th quarter. Millennium Management LLC now owns 339,278 shares of the financial services provider’s stock valued at $14,765,000 after acquiring an additional 172,386 shares during the period. State Street Corp lifted its stake in NexPoint Residential Trust by 10.7% during the 1st quarter. State Street Corp now owns 1,364,076 shares of the financial services provider’s stock valued at $123,190,000 after acquiring an additional 131,447 shares during the period. Finally, AQR Capital Management LLC lifted its stake in NexPoint Residential Trust by 175.9% during the 3rd quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock valued at $5,263,000 after acquiring an additional 104,270 shares during the period. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Up 0.8 %

Shares of NexPoint Residential Trust stock opened at $32.45 on Friday. The firm’s 50 day moving average price is $30.58 and its 200-day moving average price is $31.28. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.16. NexPoint Residential Trust has a 52-week low of $26.21 and a 52-week high of $49.87. The company has a market cap of $836.40 million, a P/E ratio of 19.32, a PEG ratio of 1.00 and a beta of 1.28.

NexPoint Residential Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.462 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Thursday, March 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 110.12%.

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.