NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Consensus Rating of "Moderate Buy" from Brokerages

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $49.00.

Several equities research analysts recently commented on the company. StockNews.com cut NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Monday, January 6th. Raymond James upgraded NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Monday, October 21st.

NexPoint Residential Trust Stock Down 3.4 %

NYSE:NXRT traded down $1.32 during mid-day trading on Friday, hitting $37.39. 113,967 shares of the company's stock traded hands, compared to its average volume of 112,261. 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 company has a fifty day moving average of $44.06 and a 200 day moving average of $43.58. The company has a market capitalization of $949.86 million, a P/E ratio of 21.37, a P/E/G ratio of 2.69 and a beta of 1.42. NexPoint Residential Trust has a twelve month low of $28.20 and a twelve month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($1.01). The company had revenue of $64.10 million during the quarter, compared to analysts' expectations of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same quarter in the previous year, the company earned $0.76 EPS. On average, analysts forecast that NexPoint Residential Trust will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.51 per share. This is a boost from NexPoint Residential Trust's previous quarterly dividend of $0.46. The ex-dividend date was Friday, December 13th. This represents a $2.04 annualized dividend and a yield of 5.46%. NexPoint Residential Trust's payout ratio is presently 116.57%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Long Pond Capital LP purchased a new position in shares of NexPoint Residential Trust during the 2nd quarter worth $24,273,000. Geode Capital Management LLC grew its stake in shares of NexPoint Residential Trust by 0.5% during the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider's stock valued at $25,358,000 after acquiring an additional 2,740 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NexPoint Residential Trust by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider's stock valued at $13,399,000 after acquiring an additional 23,888 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NexPoint Residential Trust by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider's stock valued at $14,641,000 after acquiring an additional 8,795 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of NexPoint Residential Trust by 10.5% during the second quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider's stock valued at $6,389,000 after acquiring an additional 15,400 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

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.