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

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) have been given a consensus rating of "Hold" by the seven analysts that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $43.58.

NXRT has been the topic of several recent analyst reports. Truist Financial cut their price objective on NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Jefferies Financial Group boosted their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Compass Point restated a "neutral" rating and set a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. JMP Securities restated a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Finally, Citizens Jmp downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th.

NexPoint Residential Trust Price Performance

NYSE NXRT opened at $33.99 on Friday. The stock's 50-day moving average price is $34.91 and its two-hundred day moving average price is $37.58. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 3.86. The company has a market cap of $859.44 million, a PE ratio of -26.55, a PEG ratio of 2.02 and a beta of 1.06. NexPoint Residential Trust has a 1 year low of $30.98 and a 1 year high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $63.22 million for the quarter, compared to the consensus estimate of $63.29 million. NexPoint Residential Trust had a negative return on equity of 7.42% and a negative net margin of 12.57%. On average, analysts predict that NexPoint Residential Trust will post 2.86 EPS for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.51 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.00%. NexPoint Residential Trust's dividend payout ratio is -159.37%.

Insider Buying and Selling at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards bought 5,814 shares of the company's stock in a transaction dated Monday, April 7th. The shares were bought at an average price of $33.24 per share, for a total transaction of $193,257.36. Following the acquisition, the insider directly owned 18,493 shares of the company's stock, valued at approximately $614,707.32. This trade represents a 45.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders bought 11,814 shares of company stock valued at $391,037. 15.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in NexPoint Residential Trust by 1,732.4% in the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock worth $25,000 after buying an additional 589 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock worth $37,000 after buying an additional 456 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in NexPoint Residential Trust in the fourth quarter worth approximately $35,000. New Age Alpha Advisors LLC acquired a new position in NexPoint Residential Trust in the first quarter worth approximately $53,000. Finally, Quantbot Technologies LP acquired a new position in NexPoint Residential Trust in the first quarter worth approximately $56,000. 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.

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