NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Consensus Rating of "Hold" from Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) have earned a consensus recommendation of "Hold" from the seven analysts that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $43.58.

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

NexPoint Residential Trust Stock Down 2.5%

NYSE NXRT traded down $0.87 during trading on Wednesday, reaching $33.90. The company's stock had a trading volume of 137,045 shares, compared to its average volume of 132,881. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock has a market capitalization of $857.09 million, a PE ratio of 19.37, a PEG ratio of 2.34 and a beta of 1.08. The business has a 50-day moving average price of $35.56 and a 200-day moving average price of $38.88. 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 earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. The firm had revenue of $63.22 million during the quarter, compared to analysts' expectations of $63.29 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. On average, research analysts forecast that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, June 16th. NexPoint Residential Trust's payout ratio is -159.37%.

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards bought 5,814 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the purchase, the insider now directly owns 18,493 shares in the company, valued at $614,707.32. This trade represents a 45.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.36% of the company's stock.

Hedge Funds Weigh In On NexPoint Residential Trust

Several large investors have recently bought and sold shares of the stock. BROOKFIELD Corp ON raised its stake in NexPoint Residential Trust by 109.7% during the 1st quarter. BROOKFIELD Corp ON now owns 193,982 shares of the financial services provider's stock valued at $7,668,000 after purchasing an additional 101,459 shares during the last quarter. Strs Ohio bought a new stake in NexPoint Residential Trust in the 1st quarter valued at $158,000. Jane Street Group LLC bought a new stake in NexPoint Residential Trust in the 1st quarter valued at $3,410,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NexPoint Residential Trust by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,034 shares of the financial services provider's stock valued at $5,219,000 after buying an additional 7,217 shares during the period. Finally, Millennium Management LLC increased its holdings in NexPoint Residential Trust by 15.6% in the 1st quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider's stock valued at $12,993,000 after buying an additional 44,391 shares during the period. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.