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

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $49.00.

Separately, StockNews.com cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 232 shares during the period. Quantinno Capital Management LP lifted its holdings in NexPoint Residential Trust by 4.1% in the third quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NexPoint Residential Trust by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 266 shares during the period. Van ECK Associates Corp lifted its holdings in NexPoint Residential Trust by 8.6% in the fourth quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 336 shares during the period. Finally, Creative Planning lifted its holdings in NexPoint Residential Trust by 3.0% in the third quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 341 shares during the period. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Trading Up 2.2 %

NYSE NXRT opened at $42.61 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a 12 month low of $28.58 and a 12 month high of $48.37. The stock has a market cap of $1.08 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.34 and a beta of 1.42. The stock’s fifty day moving average price is $39.95 and its 200-day moving average price is $43.14.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 4.79%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -20,400.00%.

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.