NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $46.83.

Several brokerages have issued reports on NXRT. JMP Securities increased their target price on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Compass Point increased their target price on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th.

NexPoint Residential Trust Trading Up 0.6 %

NXRT stock opened at $46.48 on Friday. The company has a market capitalization of $1.18 billion, a PE ratio of 26.56, a P/E/G ratio of 1.53 and a beta of 1.37. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37. The firm’s 50-day moving average is $44.14 and its 200 day moving average is $41.80. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.01). The company had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same period in the prior year, the business earned $0.76 EPS. On average, research analysts anticipate that NexPoint Residential Trust will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.51 dividend. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 116.57%.

Institutional Trading of NexPoint Residential Trust

A number of institutional investors have recently modified their holdings of NXRT. Long Pond Capital LP acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth approximately $24,273,000. Foundry Partners LLC acquired a new stake in NexPoint Residential Trust in the 3rd quarter worth approximately $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NexPoint Residential Trust by 386.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock worth $5,578,000 after purchasing an additional 100,714 shares in the last quarter. Jane Street Group LLC boosted its stake in NexPoint Residential Trust by 160.3% in the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock worth $2,554,000 after purchasing an additional 35,741 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in NexPoint Residential Trust by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock worth $13,399,000 after purchasing an additional 23,888 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors.

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.