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

Key Points

• NexPoint Residential Trust, Inc. (NYSE:NXRT) has received a consensus rating of "Hold" from seven analysts, with an average 12-month price target of $43.58.
• The company reported a miss on EPS for the last quarter, with $0.80 against an estimate of $0.81, along with revenues of $63.10 million, falling short of the expected $63.32 million.
• NexPoint Residential Trust declared a quarterly dividend of $0.51 per share, resulting in a dividend yield of 6.17%, despite a significantly negative dividend payout ratio.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven analysts that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $42.30.

A number of analysts have recently weighed in on the company. Truist Financial lowered their target price on 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. JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Compass Point restated a "neutral" rating and issued a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Raymond James Financial downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Finally, Citizens Jmp cut NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th.

Insider Activity at NexPoint Residential Trust

In other news, insider Paul Richards bought 5,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were bought at an average price of $32.92 per share, for a total transaction of $164,600.00. Following the completion of the purchase, the insider owned 24,689 shares in the company, valued at approximately $812,761.88. This trade represents a 25.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.36% of the company's stock.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of hedge funds have recently bought and sold shares of the business. Nexpoint Asset Management L.P. grew its holdings in shares of NexPoint Residential Trust by 100.0% during the 4th quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider's stock worth $65,245,000 after purchasing an additional 781,266 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of NexPoint Residential Trust by 194.3% during the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider's stock worth $11,869,000 after acquiring an additional 187,680 shares during the period. Invesco Ltd. boosted its position in shares of NexPoint Residential Trust by 63.9% during the 1st quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider's stock worth $13,056,000 after acquiring an additional 128,745 shares in the last quarter. BROOKFIELD Corp ON increased its stake in NexPoint Residential Trust by 109.7% in the first quarter. BROOKFIELD Corp ON now owns 193,982 shares of the financial services provider's stock valued at $7,668,000 after acquiring an additional 101,459 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in NexPoint Residential Trust during the fourth quarter worth $3,863,000. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT traded down $0.34 during trading hours on Thursday, hitting $30.84. 256,275 shares of the company's stock traded hands, compared to its average volume of 165,532. NexPoint Residential Trust has a 52 week low of $29.98 and a 52 week high of $48.37. The company's fifty day simple moving average is $33.71 and its two-hundred day simple moving average is $36.61. The company has a market cap of $782.10 million, a price-to-earnings ratio of -15.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.04. The company has a debt-to-equity ratio of 4.22, a quick ratio of 2.65 and a current ratio of 1.89.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.01). NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%. The business had revenue of $63.10 million during the quarter, compared to the consensus estimate of $63.32 million. As a group, equities analysts anticipate that NexPoint Residential Trust will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Monday, September 15th. NexPoint Residential Trust's dividend payout ratio (DPR) is currently -104.08%.

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.