Brokerages Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Target Price at $49.00

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $49.00.

Separately, StockNews.com cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st.

NexPoint Residential Trust Stock Up 0.6 %

Shares of NXRT stock opened at $40.69 on Monday. 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 has a one year low of $29.01 and a one year high of $48.37. The company’s fifty day moving average price is $39.85 and its 200-day moving average price is $43.01. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.34 and a beta of 1.43.

NexPoint Residential Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.01%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -20,400.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Nexpoint Asset Management L.P. increased its position in NexPoint Residential Trust by 100.0% in the fourth quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider’s stock worth $65,245,000 after purchasing an additional 781,266 shares during the last quarter. Copeland Capital Management LLC raised its position in shares of NexPoint Residential Trust by 0.9% during the 4th quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider’s stock valued at $37,982,000 after buying an additional 8,072 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NexPoint Residential Trust by 0.5% during the 3rd 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. Northern Trust Corp raised its position in shares of NexPoint Residential Trust by 18.6% during the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider’s stock valued at $18,202,000 after buying an additional 68,471 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of NexPoint Residential Trust by 2.6% in the 4th quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider’s stock valued at $15,929,000 after acquiring an additional 9,754 shares during 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.