NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have received an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $37.25.

A number of research firms have recently commented on NXRT. JMP Securities restated a “market outperform” rating and set a $40.00 price objective on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. Truist Financial lowered their price target on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on NexPoint Residential Trust in a report on Tuesday, January 30th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Raymond James cut NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a report on Monday, March 18th.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $31.34 on Friday. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $807.63 million, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 0.93 and a beta of 1.28. NexPoint Residential Trust has a one year low of $26.21 and a one year high of $49.87. The company has a 50 day moving average price of $30.59 and a 200 day moving average price of $31.26.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.462 dividend. This represents a $1.85 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 110.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NXRT. SRS Capital Advisors Inc. grew its stake in shares of NexPoint Residential Trust by 176.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 903 shares of the financial services provider’s stock valued at $31,000 after buying an additional 576 shares in the last quarter. Tower Research Capital LLC TRC grew its position in NexPoint Residential Trust by 332.8% in the first quarter. Tower Research Capital LLC TRC now owns 844 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 649 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of NexPoint Residential Trust during the second quarter valued at approximately $60,000. PNC Financial Services Group Inc. lifted its position in shares of NexPoint Residential Trust by 65.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 873 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of NexPoint Residential Trust by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 520 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

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.