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

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) has been assigned a consensus rating of "Hold" from the seven research firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is $44.25.

A number of brokerages have recently weighed in on NXRT. Jefferies Financial Group raised their price objective on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a report on Monday, March 10th. Wall Street Zen lowered shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. JMP Securities reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday. Compass Point reiterated a "neutral" rating and set a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. Finally, Raymond James downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th.

NexPoint Residential Trust Stock Down 1.3%

NexPoint Residential Trust stock traded down $0.45 during mid-day trading on Friday, reaching $34.08. 116,269 shares of the company's stock were exchanged, compared to its average volume of 132,416. NexPoint Residential Trust has a twelve month low of $30.98 and a twelve month high of $48.37. The company has a fifty day moving average of $36.84 and a 200-day moving average of $40.22. The company has a market cap of $861.81 million, a P/E ratio of 19.48, a P/E/G ratio of 2.34 and a beta of 1.14. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The business had revenue of $63.22 million for the quarter, compared to analyst estimates of $63.29 million. Sell-side analysts expect that NexPoint Residential Trust will post 2.86 EPS for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.99%. The ex-dividend date is Monday, June 16th. NexPoint Residential Trust's payout ratio is currently -159.37%.

Insiders Place Their Bets

In other news, insider Paul Richards bought 5,814 shares of the stock in a transaction dated Monday, April 7th. The shares were acquired at an average price of $33.24 per share, with a total value of $193,257.36. Following the completion of the acquisition, the insider now directly owns 18,493 shares in the company, valued at approximately $614,707.32. The trade was a 45.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.36% of the stock is currently owned by insiders.

Institutional Trading of NexPoint Residential Trust

Several hedge funds and other institutional investors have recently made changes to their positions in NXRT. Nexpoint Asset Management L.P. boosted its holdings in NexPoint Residential Trust by 100.0% during the fourth quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider's stock worth $65,245,000 after buying an additional 781,266 shares in the last quarter. Millennium Management LLC boosted its holdings in NexPoint Residential Trust by 194.3% during the fourth quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider's stock worth $11,869,000 after buying an additional 187,680 shares in the last quarter. Invesco Ltd. boosted its holdings in NexPoint Residential Trust by 63.9% during the first quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider's stock worth $13,056,000 after buying an additional 128,745 shares in the last quarter. BROOKFIELD Corp ON purchased a new stake in NexPoint Residential Trust during the fourth quarter worth about $3,863,000. Finally, Jane Street Group LLC purchased a new stake in NexPoint Residential Trust during the first quarter worth about $3,410,000. Hedge funds and other institutional investors 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.