NexPoint Residential Trust Inc (NXRT) Given Average Recommendation of “” by Analysts
Shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) have been given an average broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price target of $27.00 for the company and are predicting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given NexPoint Residential Trust an industry rank of 175 out of 265 based on the ratings given to related companies.
A number of research analysts have weighed in on NXRT shares. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of NexPoint Residential Trust in a report on Wednesday, May 3rd. Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, July 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $28.00 target price (up previously from $26.00) on shares of NexPoint Residential Trust in a report on Monday, May 8th.
NexPoint Residential Trust (NASDAQ NXRT) traded up 0.82% during trading on Friday, hitting $23.25. 24,766 shares of the stock were exchanged. NexPoint Residential Trust has a 52 week low of $16.67 and a 52 week high of $26.10. The firm has a 50-day moving average of $24.37 and a 200-day moving average of $24.42. The stock has a market capitalization of $489.25 million and a price-to-earnings ratio of 44.20.
NexPoint Residential Trust (NASDAQ:NXRT) last posted its earnings results on Tuesday, August 1st. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. The company had revenue of $35.23 million for the quarter, compared to analysts’ expectations of $35.95 million. NexPoint Residential Trust had a net margin of 28.18% and a return on equity of 14.15%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. Equities research analysts anticipate that NexPoint Residential Trust will post ($0.13) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, September 14th.
In other NexPoint Residential Trust news, insider James D. Dondero acquired 12,600 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $23.81 per share, with a total value of $300,006.00. Following the completion of the acquisition, the insider now owns 5,202 shares of the company’s stock, valued at $123,859.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James D. Dondero acquired 41,900 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $24.28 per share, with a total value of $1,017,332.00. Following the acquisition, the insider now directly owns 5,202 shares of the company’s stock, valued at approximately $126,304.56. The disclosure for this purchase can be found here. Insiders have bought 56,500 shares of company stock valued at $1,363,938 in the last three months.
A number of hedge funds have recently added to or reduced their stakes in the company. HGI Capital Management LLC purchased a new stake in NexPoint Residential Trust during the first quarter worth $1,215,000. American International Group Inc. increased its stake in NexPoint Residential Trust by 7.1% in the first quarter. American International Group Inc. now owns 11,059 shares of the company’s stock worth $267,000 after buying an additional 731 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in NexPoint Residential Trust during the first quarter worth $215,000. ClariVest Asset Management LLC increased its stake in NexPoint Residential Trust by 19.6% in the first quarter. ClariVest Asset Management LLC now owns 58,685 shares of the company’s stock worth $1,419,000 after buying an additional 9,611 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in NexPoint Residential Trust by 66.8% in the first quarter. Ameriprise Financial Inc. now owns 24,048 shares of the company’s stock worth $581,000 after buying an additional 9,630 shares during the last quarter.
About NexPoint Residential Trust
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
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