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

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have received an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.58.

NXRT has been the subject of a number of recent analyst reports. Citizens Jmp cut NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Compass Point reaffirmed a “neutral” rating and set a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Finally, 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.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Paul Richards acquired 1,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $33.18 per share, for a total transaction of $33,180.00. Following the transaction, the insider now owns 19,869 shares of the company’s stock, valued at approximately $659,253.42. This represents a 5.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 15.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NXRT. Farther Finance Advisors LLC boosted its position in shares of NexPoint Residential Trust by 1,732.4% in the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 589 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of NexPoint Residential Trust in the 4th quarter worth $35,000. Smartleaf Asset Management LLC boosted its position in shares of NexPoint Residential Trust by 104.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 456 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of NexPoint Residential Trust in the 1st quarter worth $53,000. Finally, Quantbot Technologies LP bought a new position in shares of NexPoint Residential Trust in the 1st quarter worth $56,000. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Trading Up 0.5%

Shares of NXRT opened at $34.74 on Wednesday. NexPoint Residential Trust has a 1 year low of $30.98 and a 1 year high of $48.37. 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 50 day simple moving average of $35.53 and a 200-day simple moving average of $39.15. The stock has a market cap of $878.38 million, a PE ratio of 19.85, a PEG ratio of 2.34 and a beta of 1.08.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The business had revenue of $63.22 million during the quarter, compared to analysts’ expectations of $63.29 million. On average, sell-side analysts predict that NexPoint Residential Trust will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a yield of 5.87%. NexPoint Residential Trust’s payout ratio is -159.37%.

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.