StockNews.com Downgrades NexPoint Residential Trust (NYSE:NXRT) to Sell

StockNews.com cut shares of NexPoint Residential Trust (NYSE:NXRT) from a hold rating to a sell rating in a report released on Monday morning.

A number of other research analysts also recently commented on NXRT. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.00.

NexPoint Residential Trust Price Performance

NYSE:NXRT opened at $38.63 on Monday. NexPoint Residential Trust has a 52-week low of $28.20 and a 52-week high of $48.37. The company has a market cap of $981.36 million, a P/E ratio of 22.07, a P/E/G ratio of 2.69 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 50-day simple moving average is $44.27 and its 200 day simple moving average is $43.62.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data 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 analyst estimates of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same period in the previous year, the company posted $0.76 EPS. As a group, sell-side analysts forecast that NexPoint Residential Trust will post 2.78 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Friday, December 13th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 116.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NXRT. Valley Wealth Managers Inc. bought a new stake in shares of NexPoint Residential Trust during the third quarter worth approximately $27,000. Point72 DIFC Ltd acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth 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 valued at $39,000 after purchasing an additional 232 shares during the period. Meeder Asset Management Inc. bought a new stake in NexPoint Residential Trust in the 3rd quarter valued at $42,000. Finally, Quest Partners LLC grew its holdings in 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 in the last quarter. Institutional investors and hedge funds 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.