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

NexPoint Residential Trust, Inc. (NYSE:NXRT) has received an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $46.33.

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised their price target on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a report on Monday, March 10th. Raymond James lowered their target price on NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, March 20th. Truist Financial increased their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Finally, StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st.

NexPoint Residential Trust Price Performance

Shares of NexPoint Residential Trust stock opened at $36.01 on Tuesday. NexPoint Residential Trust has a 1-year low of $30.98 and a 1-year high of $48.37. The firm’s 50-day moving average price is $38.40 and its two-hundred day moving average price is $41.19. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock has a market capitalization of $919.48 million, a price-to-earnings ratio of 20.58, a P/E/G ratio of 2.34 and a beta of 1.18.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date was Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is -20,400.00%.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards bought 5,814 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of $33.24 per share, with a total value of $193,257.36. Following the purchase, the insider now owns 18,493 shares in the company, valued at $614,707.32. This trade represents a 45.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.96% of the company’s stock.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in shares of NexPoint Residential Trust by 1,732.4% during the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock worth $25,000 after buying an additional 589 shares during the period. Johnson Financial Group Inc. acquired a new stake in NexPoint Residential Trust in the 4th quarter worth about $35,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 valued at $37,000 after buying an additional 456 shares during the period. Meeder Asset Management Inc. raised its holdings in NexPoint Residential Trust by 158.3% in the 4th quarter. Meeder Asset Management Inc. now owns 2,462 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of NexPoint Residential Trust by 8.6% during the 4th 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. 76.61% of the stock is owned by institutional investors and hedge funds.

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.