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. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience.
NexPoint Residential Trust Price Performance
Shares of NexPoint Residential Trust stock traded down $1.14 on Friday, hitting $62.04. The company had a trading volume of 166,022 shares, compared to its average volume of 116,880. The business has a 50-day simple moving average of $63.67 and a 200-day simple moving average of $76.33. The company has a debt-to-equity ratio of 3.30, a current ratio of 2.18 and a quick ratio of 6.10. The company has a market cap of $1.59 billion, a PE ratio of 76.59, a PEG ratio of 2.52 and a beta of 1.01. NexPoint Residential Trust has a 52 week low of $57.49 and a 52 week high of $95.04.
NexPoint Residential Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Wednesday, September 14th. NexPoint Residential Trust's dividend payout ratio (DPR) is presently 187.65%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on NXRT. Jefferies Financial Group dropped their price objective on shares of NexPoint Residential Trust from $88.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Raymond James restated a "downgrade" rating on shares of NexPoint Residential Trust in a research report on Thursday. Credit Suisse Group assumed coverage on shares of NexPoint Residential Trust in a research report on Wednesday, June 22nd. They issued an "outperform" rating and a $72.00 target price for the company. Truist Financial decreased their target price on shares of NexPoint Residential Trust from $90.00 to $66.00 and set a "hold" rating for the company in a research report on Friday, June 24th. Finally, StockNews.com upgraded shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $80.83.
Insider Activity
In related news, President James D. Dondero acquired 17,050 shares of the firm's stock in a transaction dated Thursday, June 16th. The stock was acquired at an average cost of $59.01 per share, for a total transaction of $1,006,120.50. Following the completion of the acquisition, the president now directly owns 2,033,188 shares of the company's stock, valued at approximately $119,978,423.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 12.69% of the company's stock.