NexPoint Residential Trust's (NXRT) "Neutral" Rating Reiterated at Compass Point

Compass Point reiterated their neutral rating on shares of NexPoint Residential Trust (NYSE:NXRT - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. Compass Point currently has a $42.50 price objective on the financial services provider's stock, down from their previous price objective of $50.00.

A number of other equities research analysts have also issued reports on NXRT. Raymond James lowered their target price on NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating for the company in a research note on Thursday, March 20th. Truist Financial increased their price target on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a "hold" rating in a report on Monday, March 10th. Jefferies Financial Group increased their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Finally, StockNews.com downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $44.25.

NexPoint Residential Trust Stock Up 1.3%

Shares of NXRT stock traded up $0.47 during trading hours on Tuesday, reaching $36.96. The company had a trading volume of 119,042 shares, compared to its average volume of 132,835. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust has a twelve month low of $30.98 and a twelve month high of $48.37. The company has a market capitalization of $934.48 million, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14. The stock's fifty day simple moving average is $37.14 and its 200 day simple moving average is $40.38.

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. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The business had revenue of $63.22 million during the quarter, compared to analyst estimates of $63.29 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Monday, June 16th. NexPoint Residential Trust's dividend payout ratio (DPR) is -159.37%.

Insider Activity at NexPoint Residential Trust

In other news, insider Paul Richards purchased 5,814 shares of the stock in a transaction dated Monday, April 7th. The shares were bought at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.36% of the stock is owned by insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in shares of NexPoint Residential Trust by 1,732.4% during the 1st 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 in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of NexPoint Residential Trust during the 4th quarter worth $35,000. Smartleaf Asset Management LLC boosted its stake in shares of NexPoint Residential Trust by 104.1% during the 4th 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 in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of NexPoint Residential Trust during the 1st quarter worth $53,000. Finally, Quantbot Technologies LP bought a new stake in shares of NexPoint Residential Trust during the 1st quarter worth $56,000. 76.61% of the stock is 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.