Analysts Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Price Target at $43.58

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 received a consensus rating of "Hold" from the seven research firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $42.30.

A number of equities analysts have commented on the company. JMP Securities restated a "market perform" rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Raymond James Financial cut NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a 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 note on Monday, May 19th. Compass Point restated a "neutral" rating and issued a $42.50 price target (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday.

NexPoint Residential Trust Trading Down 1.1%

Shares of NexPoint Residential Trust stock traded down $0.34 during trading on Thursday, hitting $30.84. 256,275 shares of the company were exchanged, compared to its average volume of 165,532. The firm's fifty day moving average price is $33.71 and its 200 day moving average price is $36.63. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.89 and a quick ratio of 2.65. The firm has a market capitalization of $782.10 million, a P/E ratio of -15.73, a price-to-earnings-growth ratio of 1.85 and a beta of 1.04. NexPoint Residential Trust has a 1-year low of $29.98 and a 1-year high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $63.32 million. As a group, sell-side analysts expect that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 6.6%. NexPoint Residential Trust's dividend payout ratio is -104.08%.

Insider Activity

In related news, insider Paul Richards purchased 5,000 shares of NexPoint Residential Trust stock in a transaction dated Wednesday, June 25th. The stock was bought at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the completion of the transaction, the insider owned 24,689 shares in the company, valued at $812,761.88. This trade represents a 25.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 15.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

Several hedge funds have recently bought and sold shares of NXRT. Farther Finance Advisors LLC lifted its position in NexPoint Residential Trust by 1,732.4% in the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 589 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of NexPoint Residential Trust in the fourth quarter worth approximately $35,000. Ameritas Advisory Services LLC purchased a new position in shares of NexPoint Residential Trust in the second quarter worth $47,000. New Age Alpha Advisors LLC purchased a new position in NexPoint Residential Trust in the 1st quarter worth about $53,000. Finally, Quantbot Technologies LP purchased a new stake in NexPoint Residential Trust in the first quarter worth approximately $56,000. 76.61% of the stock is currently owned by institutional investors.

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.