Brokerages Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Target Price at $46.33

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) have received an average recommendation of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $46.33.

Several research firms recently weighed in on NXRT. StockNews.com lowered NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. Truist Financial boosted their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Jefferies Financial Group lifted their target price on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Finally, Raymond James decreased their price target on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating for the company in a report on Thursday, March 20th.

Insider Buying and Selling at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,814 shares of NexPoint Residential Trust stock in a transaction dated Monday, April 7th. The stock was bought at an average cost of $33.24 per share, with a total value of $193,257.36. Following the acquisition, the insider now owns 18,493 shares of the company's stock, valued at approximately $614,707.32. The trade was a 45.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.36% of the company's stock.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NexPoint Residential Trust by 2.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 266 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of NexPoint Residential Trust by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock worth $177,000 after purchasing an additional 336 shares during the last quarter. Capital Square LLC grew its stake in shares of NexPoint Residential Trust by 2.9% during the fourth quarter. Capital Square LLC now owns 12,741 shares of the financial services provider's stock worth $493,000 after purchasing an additional 356 shares during the period. Envestnet Asset Management Inc. increased its holdings in NexPoint Residential Trust by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider's stock valued at $5,892,000 after purchasing an additional 364 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in NexPoint Residential Trust by 2.0% in the fourth quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider's stock valued at $951,000 after buying an additional 439 shares during the period. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Down 0.3 %

NYSE NXRT traded down $0.12 during trading on Tuesday, hitting $36.50. 88,182 shares of the company traded hands, compared to its average volume of 131,810. NexPoint Residential Trust has a 12 month low of $30.98 and a 12 month high of $48.37. The business has a fifty day simple moving average of $38.12 and a 200 day simple moving average of $41.04. The company has a market capitalization of $931.99 million, a P/E ratio of 20.86, a PEG ratio of 2.34 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25.

NexPoint Residential Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.59%. NexPoint Residential Trust's payout ratio is -20,400.00%.

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.