NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Average Recommendation of "Moderate Buy" from Analysts

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) has received an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $46.33.

A number of analysts recently commented on NXRT shares. Jefferies Financial Group lifted their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Raymond James lowered their price target on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating for the company in a report on Thursday, March 20th. StockNews.com downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Finally, Truist Financial lifted their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Monday, March 10th.

Institutional Trading of NexPoint Residential Trust

A number of institutional investors and hedge funds have recently bought and sold shares of NXRT. Jane Street Group LLC lifted its position in NexPoint Residential Trust by 160.3% during the third quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider's stock valued at $2,554,000 after buying an additional 35,741 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NexPoint Residential Trust by 0.5% in 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 acquiring an additional 2,740 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of NexPoint Residential Trust during the 4th quarter valued at $458,000. Franklin Resources Inc. lifted its holdings in shares of NexPoint Residential Trust by 164.0% during the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider's stock valued at $1,506,000 after acquiring an additional 21,660 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in NexPoint Residential Trust by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 117,090 shares of the financial services provider's stock worth $5,153,000 after purchasing an additional 16,746 shares during the period. Institutional investors and hedge funds own 76.61% of the company's stock.

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NexPoint Residential Trust Price Performance

NYSE:NXRT traded up $0.53 during trading hours on Friday, reaching $39.61. 139,501 shares of the company traded hands, compared to its average volume of 129,695. NexPoint Residential Trust has a 1-year low of $30.21 and a 1-year high of $48.37. The stock has a market cap of $1.01 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.34 and a beta of 1.43. The firm's 50-day moving average is $39.61 and its 200-day moving average is $42.22. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a yield of 5.15%. NexPoint Residential Trust's payout ratio is -20,400.00%.

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.