NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives $49.00 Average PT from Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $49.00.

Separately, StockNews.com downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in NXRT. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 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. Quantinno Capital Management LP increased its holdings in NexPoint Residential Trust by 4.1% in the third quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider's stock valued at $267,000 after buying an additional 240 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NexPoint Residential Trust by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider's stock valued at $531,000 after buying an additional 266 shares in the last quarter. Van ECK Associates Corp raised its position in shares of NexPoint Residential Trust by 8.6% in the fourth quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock worth $177,000 after acquiring an additional 336 shares during the period. Finally, Creative Planning boosted its stake in shares of NexPoint Residential Trust by 3.0% during the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider's stock worth $519,000 after acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

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NexPoint Residential Trust Stock Performance

NYSE NXRT traded down $0.79 during trading hours on Monday, reaching $40.53. The stock had a trading volume of 83,225 shares, compared to its average volume of 122,974. NexPoint Residential Trust has a 52-week low of $29.01 and a 52-week high of $48.37. The stock has a fifty day moving average of $39.91 and a 200 day moving average of $43.08. 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 has a market cap of $1.03 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 2.34 and a beta of 1.42.

NexPoint Residential Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Friday, March 14th. NexPoint Residential Trust's payout ratio is presently -20,400.00%.

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.