Zacks Investment Research cut shares of NexPoint Residential Trst (NYSE:NXRT) from a hold rating to a sell rating in a research note published on Wednesday.

According to Zacks, “NexPoint Residential Trust, Inc. is engaged in acquiring, owning, operating and selectively developing multifamily properties. It operates primarily in the Southeastern United States and Texas. NexPoint Residential Trust, Inc. is based in Dallas, United States. “

Several other equities research analysts have also commented on NXRT. TheStreet raised shares of NexPoint Residential Trst from a d- rating to a c rating in a research note on Monday, March 19th. ValuEngine raised shares of NexPoint Residential Trst from a hold rating to a buy rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $27.50.

NYSE:NXRT opened at $25.90 on Wednesday. NexPoint Residential Trst has a one year low of $22.84 and a one year high of $29.40. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $542.11, a P/E ratio of 16.29 and a beta of 0.80.

NexPoint Residential Trst (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. NexPoint Residential Trst had a net margin of 37.00% and a return on equity of 23.02%. The business had revenue of $34.90 million for the quarter, compared to analyst estimates of $36.28 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. NexPoint Residential Trst’s quarterly revenue was up 7.1% on a year-over-year basis. research analysts anticipate that NexPoint Residential Trst will post 1.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th were issued a $0.25 dividend. The ex-dividend date was Monday, March 19th. This represents a $1.00 annualized dividend and a yield of 3.86%. NexPoint Residential Trst’s dividend payout ratio (DPR) is presently 85.47%.

In other news, insider James D. Dondero bought 24,788 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was acquired at an average cost of $27.23 per share, with a total value of $674,977.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.00% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of NXRT. Tower Research Capital LLC TRC raised its holdings in NexPoint Residential Trst by 448.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,270 shares of the financial services provider’s stock worth $147,000 after buying an additional 4,309 shares during the last quarter. Forsta AP Fonden purchased a new position in shares of NexPoint Residential Trst during the fourth quarter valued at approximately $204,000. Jane Street Group LLC purchased a new position in shares of NexPoint Residential Trst during the fourth quarter valued at approximately $215,000. Two Sigma Advisers LP purchased a new position in shares of NexPoint Residential Trst during the fourth quarter valued at approximately $252,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of NexPoint Residential Trst during the fourth quarter valued at approximately $256,000. 59.70% of the stock is owned by institutional investors and hedge funds.

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About NexPoint Residential Trst

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.

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