Brokerages Set NexPoint Residential Trust, Inc. (NYSE:NXRT) PT at $43.58

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) have received a consensus rating of "Hold" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have covered the stock in the last year is $43.58.

A number of brokerages have recently commented on NXRT. Wall Street Zen downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Truist Financial lowered 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. JMP Securities reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Compass Point reaffirmed a "neutral" rating and issued a $42.50 target price (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 report on Thursday, May 15th.

Insiders Place Their Bets

In other news, insider Paul Richards acquired 1,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $33.18 per share, with a total value of $33,180.00. Following the transaction, the insider now owns 19,869 shares in the company, valued at approximately $659,253.42. This trade represents a 5.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 15.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NXRT. Nexpoint Asset Management L.P. lifted its holdings in shares of NexPoint Residential Trust by 100.0% in the 4th quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider's stock valued at $65,245,000 after purchasing an additional 781,266 shares during the last quarter. Northern Trust Corp boosted its stake in shares of NexPoint Residential Trust by 4.6% in the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider's stock valued at $18,022,000 after buying an additional 19,927 shares in the last quarter. Deutsche Bank AG grew its stake in shares of NexPoint Residential Trust by 2.6% during the 4th quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider's stock worth $15,929,000 after purchasing an additional 9,754 shares during the period. Charles Schwab Investment Management Inc. grew its position in NexPoint Residential Trust by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider's stock worth $14,266,000 after buying an additional 22,367 shares during the period. Finally, Invesco Ltd. increased its stake in NexPoint Residential Trust by 63.9% in the 1st quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider's stock valued at $13,056,000 after purchasing an additional 128,745 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company's stock.

NexPoint Residential Trust Stock Down 0.6%

NYSE:NXRT traded down $0.20 during mid-day trading on Wednesday, hitting $34.55. 121,764 shares of the company's stock traded hands, compared to its average volume of 132,813. The company has a market capitalization of $873.55 million, a P/E ratio of 19.74, a P/E/G ratio of 2.34 and a beta of 1.08. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The company has a fifty day moving average of $35.53 and a 200 day moving average of $39.15. NexPoint Residential Trust has a twelve month low of $30.98 and a twelve month high of $48.37.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The company had revenue of $63.22 million during the quarter, compared to analyst estimates of $63.29 million. On average, analysts forecast that NexPoint Residential Trust will post 2.86 EPS for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 5.90%. NexPoint Residential Trust's dividend payout ratio is presently -159.37%.

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.