NexPoint Residential Trust's (NXRT) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of NexPoint Residential Trust (NYSE:NXRT - Free Report) in a research report sent to investors on Monday morning,Benzinga reports.

A number of other research analysts have also weighed in on NXRT. Wall Street Zen lowered shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Compass Point restated a "neutral" rating and issued a $42.50 target price (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Raymond James downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Truist Financial raised their target price on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Finally, Jefferies Financial Group raised their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, NexPoint Residential Trust has an average rating of "Hold" and a consensus price target of $44.25.

NexPoint Residential Trust Price Performance

Shares of NXRT stock traded down $0.69 during mid-day trading on Monday, hitting $33.34. 143,415 shares of the stock were exchanged, compared to its average volume of 132,093. The firm has a fifty day moving average of $36.73 and a 200 day moving average of $40.16. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a 52-week low of $30.98 and a 52-week high of $48.37. The company has a market cap of $842.88 million, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14.

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, topping the consensus estimate of $0.78 by $0.06. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The business had revenue of $63.22 million for the quarter, compared to analyst estimates of $63.29 million. Research analysts anticipate that NexPoint Residential Trust will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 dividend on an annualized basis and a yield of 6.12%. NexPoint Residential Trust's payout ratio is -159.37%.

Insider Buying and Selling

In related news, insider Paul Richards acquired 5,814 shares of NexPoint Residential Trust stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $33.24 per share, for a total transaction of $193,257.36. Following the completion of the transaction, the insider now owns 18,493 shares in the company, valued at $614,707.32. This represents a 45.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 589 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in NexPoint Residential Trust during the fourth quarter worth $35,000. Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 456 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in NexPoint Residential Trust during the first quarter worth $53,000. Finally, Quantbot Technologies LP acquired a new stake in NexPoint Residential Trust during the first quarter worth $56,000. Hedge funds and other 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.