NexPoint Residential Trust (NYSE:NXRT) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $42.91 and traded as low as $37.73. NexPoint Residential Trust shares last traded at $38.68, with a volume of 115,814 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Raymond James raised 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 research report on Monday, October 21st. StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

NexPoint Residential Trust Stock Performance

The company has a market cap of $982.55 million, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.42. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The stock’s fifty day simple moving average is $42.91 and its two-hundred day simple moving average is $43.59.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The company had revenue of $64.10 million during the quarter, compared to analyst estimates of $64.69 million. During the same quarter last year, the company posted $0.76 EPS. Equities research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.51 dividend. The ex-dividend date was Friday, December 13th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 5.27%. NexPoint Residential Trust’s payout ratio is 116.57%.

Institutional Trading of NexPoint Residential Trust

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its position 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 buying an additional 35,741 shares during the period. Geode Capital Management LLC boosted its position in NexPoint Residential Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after buying an additional 2,740 shares in the last quarter. Franklin Resources Inc. increased its holdings in NexPoint Residential Trust by 164.0% during the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock valued at $1,506,000 after purchasing an additional 21,660 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of NexPoint Residential Trust by 23.4% in the third quarter. BNP Paribas Financial Markets now owns 7,348 shares of the financial services provider’s stock valued at $323,000 after buying an additional 1,393 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of NexPoint Residential Trust by 8.3% in the third quarter. Stifel Financial Corp now owns 54,646 shares of the financial services provider’s stock valued at $2,405,000 after purchasing an additional 4,189 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

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.