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

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been given a consensus recommendation of “Hold” by the five research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $37.25.

A number of brokerages have weighed in on NXRT. Truist Financial decreased their target price on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, April 9th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. Raymond James lowered NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th. Finally, 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 price target for the company.

Insider Activity

In related news, insider Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $34.25, for a total value of $171,250.00. Following the sale, the insider now owns 66,947 shares in the company, valued at $2,292,934.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in NexPoint Residential Trust by 175.9% during the third quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock valued at $5,263,000 after buying an additional 104,270 shares during the period. Strs Ohio boosted its stake in NexPoint Residential Trust by 1,525.0% in the 3rd quarter. Strs Ohio now owns 78,000 shares of the financial services provider’s stock worth $2,510,000 after purchasing an additional 73,200 shares in the last quarter. Envestnet Asset Management Inc. grew its position in NexPoint Residential Trust by 41.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 145,379 shares of the financial services provider’s stock valued at $4,678,000 after purchasing an additional 42,789 shares during the last quarter. Pasadena Private Wealth LLC purchased a new position in NexPoint Residential Trust in the fourth quarter worth about $1,428,000. Finally, Paralel Advisors LLC bought a new position in shares of NexPoint Residential Trust in the fourth quarter worth approximately $1,139,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Up 1.5 %

NXRT opened at $35.39 on Tuesday. The firm has a market capitalization of $912.00 million, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25. NexPoint Residential Trust has a one year low of $26.21 and a one year high of $49.87. The company has a fifty day moving average price of $31.48 and a 200-day moving average price of $31.48. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.66 and a quick ratio of 1.59.

NexPoint Residential Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.4624 dividend. The ex-dividend date is Friday, June 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 5.23%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 65.37%.

About NexPoint Residential Trust

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.