NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives $46.33 Consensus Target Price from Brokerages

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $46.33.

A number of research analysts recently issued reports on NXRT shares. StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Jefferies Financial Group boosted their price target on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Raymond James reduced their price objective on NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, March 20th. Finally, Truist Financial increased their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, March 10th.

NexPoint Residential Trust Price Performance

NXRT stock opened at $40.44 on Friday. The company’s 50-day moving average price is $39.63 and its two-hundred day moving average price is $42.18. The firm has a market cap of $1.03 billion, a P/E ratio of 23.11, a P/E/G ratio of 2.34 and a beta of 1.43. 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 12 month low of $30.21 and a 12 month high of $48.37.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio is currently -20,400.00%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. acquired a new position in shares of NexPoint Residential Trust during the fourth quarter worth $35,000. Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 456 shares during the period. Quest Partners LLC grew its position in shares of NexPoint Residential Trust by 104,800.0% in the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,048 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of NexPoint Residential Trust by 104.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,904 shares of the financial services provider’s stock valued at $84,000 after buying an additional 973 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of NexPoint Residential Trust by 158.3% during the fourth quarter. Meeder Asset Management Inc. now owns 2,462 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 1,509 shares during the last quarter. 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.