Shares of NexPoint Residential Trust Inc (NYSE:NXRT) have earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $44.21.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, March 25th. SunTrust Banks cut their price target on NexPoint Residential Trust from $39.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Raymond James raised their price target on NexPoint Residential Trust from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, February 24th. Finally, ValuEngine lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 30th.

In other NexPoint Residential Trust news, insider Matt Mcgraner sold 9,585 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $23.08, for a total transaction of $221,221.80. Following the sale, the insider now owns 83,180 shares in the company, valued at $1,919,794.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Goetz purchased 2,416 shares of the stock in a transaction on Wednesday, March 11th. The shares were purchased at an average price of $40.94 per share, for a total transaction of $98,911.04. Following the transaction, the insider now directly owns 63,207 shares of the company’s stock, valued at $2,587,694.58. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 243,116 shares of company stock worth $7,433,390 and sold 1,193,776 shares worth $29,987,607. Company insiders own 11.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Company LLC bought a new position in shares of NexPoint Residential Trust during the first quarter valued at about $35,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of NexPoint Residential Trust by 44.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,550 shares of the financial services provider’s stock valued at $39,000 after buying an additional 478 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of NexPoint Residential Trust during the fourth quarter valued at about $40,000. Capital Analysts LLC grew its stake in shares of NexPoint Residential Trust by 112.9% during the fourth quarter. Capital Analysts LLC now owns 1,005 shares of the financial services provider’s stock valued at $45,000 after buying an additional 533 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of NexPoint Residential Trust by 324.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $45,000 after buying an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 73.77% of the company’s stock.

Shares of NYSE NXRT opened at $28.33 on Thursday. The stock has a fifty day simple moving average of $27.59 and a two-hundred day simple moving average of $41.49. NexPoint Residential Trust has a 1-year low of $21.06 and a 1-year high of $52.87. The firm has a market cap of $688.39 million, a price-to-earnings ratio of 5.34 and a beta of 1.05. The company has a current ratio of 4.61, a quick ratio of 2.78 and a debt-to-equity ratio of 3.49.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.49. NexPoint Residential Trust had a return on equity of 34.85% and a net margin of 68.44%. The business had revenue of $52.60 million during the quarter, compared to analyst estimates of $52.97 million. Analysts forecast that NexPoint Residential Trust will post 2.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 4.41%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 56.82%.

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.

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Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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