NexPoint Residential Trust (NYSE:NXRT) Upgraded at StockNews.com

StockNews.com upgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a sell rating to a hold rating in a report issued on Thursday.

A number of other brokerages also recently issued reports on NXRT. Truist Financial raised their price target on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Finally, Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, October 21st. Four 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 stock presently has an average rating of “Hold” and a consensus price target of $46.83.

NexPoint Residential Trust Stock Down 1.0 %

Shares of NXRT opened at $44.88 on Thursday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.40. NexPoint Residential Trust has a 1 year low of $28.20 and a 1 year high of $48.37. The business’s 50 day simple moving average is $44.77 and its 200-day simple moving average is $43.01.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly 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 business had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $64.69 million. During the same period in the previous year, the company earned $0.76 EPS. As a group, equities analysts expect that NexPoint Residential Trust will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a yield of 4.55%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 105.71%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of NXRT. Valley Wealth Managers Inc. acquired a new stake in NexPoint Residential Trust in the third quarter worth about $27,000. Point72 DIFC Ltd purchased a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in NexPoint Residential Trust by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 232 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in NexPoint Residential Trust during the 3rd quarter worth approximately $42,000. Finally, Signaturefd LLC grew its position in NexPoint Residential Trust by 238.4% during the 2nd quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 732 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

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.