NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Average Recommendation of "Hold" from Brokerages

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

A number of equities research analysts recently weighed in on NXRT shares. Truist Financial dropped their price target on NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Compass Point reaffirmed a "neutral" rating and set a $42.50 price objective (down from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Raymond James Financial cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Citizens Jmp cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th.

NexPoint Residential Trust Stock Up 0.7%

NXRT traded up $0.24 during trading on Friday, reaching $33.99. 59,245 shares of the stock were exchanged, compared to its average volume of 132,364. The stock has a market cap of $859.44 million, a P/E ratio of -26.55, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. NexPoint Residential Trust has a twelve month low of $30.98 and a twelve month high of $48.37. 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 debt-to-equity ratio of 3.86, a quick ratio of 2.65 and a current ratio of 2.65.

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

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 6.00%. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -159.37%.

Insider Activity at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards purchased 5,814 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the completion of the purchase, the insider owned 18,493 shares of the company's stock, valued at approximately $614,707.32. The trade was a 45.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 11,814 shares of company stock valued at $391,037 in the last 90 days. Corporate insiders own 15.36% of the company's stock.

Institutional Investors Weigh In On NexPoint Residential Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in NexPoint Residential Trust by 1,732.4% during the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock worth $25,000 after purchasing an additional 589 shares during the period. Johnson Financial Group Inc. bought a new stake in NexPoint Residential Trust during the fourth quarter worth about $35,000. Smartleaf Asset Management LLC lifted its position in NexPoint Residential Trust by 104.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock worth $37,000 after purchasing an additional 456 shares during the period. New Age Alpha Advisors LLC bought a new stake in NexPoint Residential Trust during the first quarter worth about $53,000. Finally, Quantbot Technologies LP bought a new stake in NexPoint Residential Trust during the first quarter worth about $56,000. Institutional investors own 76.61% of the company's stock.

About NexPoint Residential Trust

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.