NexPoint Residential Trust, Inc. (NYSE:NXRT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.25 and last traded at $27.33, with a volume of 98000 shares trading hands. The stock had previously closed at $27.13.

NXRT has been the topic of several recent research reports. B. Riley reaffirmed a “buy” rating and issued a $28.00 target price (up previously from $27.00) on shares of NexPoint Residential Trust in a research note on Wednesday, November 1st. BidaskClub lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Janney Montgomery Scott initiated coverage on shares of NexPoint Residential Trust in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. Finally, FBR & Co reaffirmed a “buy” rating and issued a $27.00 target price on shares of NexPoint Residential Trust in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.67.

The company has a market cap of $571.34, a P/E ratio of 17.17, a PEG ratio of 4.68 and a beta of 0.81. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.09.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Thursday, December 14th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.22. NexPoint Residential Trust’s dividend payout ratio (DPR) is 32.71%.

A hedge fund recently bought a new stake in NexPoint Residential Trust stock. Boothbay Fund Management LLC purchased a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,500 shares of the financial services provider’s stock, valued at approximately $415,000. Boothbay Fund Management LLC owned approximately 0.08% of NexPoint Residential Trust as of its most recent filing with the Securities and Exchange Commission (SEC). 58.59% of the stock is owned by institutional investors and hedge funds.

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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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