NexPoint Residential Trust (NYSE:NXRT) Stock Price Passes Below Fifty Day Moving Average - Should You Sell?

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $42.91 and traded as low as $37.73. NexPoint Residential Trust shares last traded at $38.68, with a volume of 115,814 shares changing hands.

Analysts Set New Price Targets

NXRT has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Tuesday, January 14th. Raymond James upgraded NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 target price for the company in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

NexPoint Residential Trust Trading Up 1.7 %

The firm's 50 day moving average is $42.91 and its two-hundred day moving average is $43.55. The stock has a market cap of $982.70 million, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.01). The firm had revenue of $64.10 million for 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 quarter last year, the business posted $0.76 earnings per share. Equities analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current 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 given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from NexPoint Residential Trust's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.27%. NexPoint Residential Trust's payout ratio is 116.57%.

Institutional Investors Weigh In On NexPoint Residential Trust

Several hedge funds have recently made changes to their positions in NXRT. abrdn plc increased its stake in shares of NexPoint Residential Trust by 30.6% in the fourth quarter. abrdn plc now owns 6,068 shares of the financial services provider's stock worth $251,000 after acquiring an additional 1,423 shares during the last quarter. Copeland Capital Management LLC lifted its stake in shares of NexPoint Residential Trust by 0.9% in the fourth quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider's stock worth $37,982,000 after buying an additional 8,072 shares during the last quarter. SG Americas Securities LLC lifted its position in NexPoint Residential Trust by 3.7% during the 4th quarter. SG Americas Securities LLC now owns 16,249 shares of the financial services provider's stock worth $678,000 after acquiring an additional 579 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $5,153,000 after purchasing an additional 16,746 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of NexPoint Residential Trust by 164.0% in the third quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider's stock worth $1,506,000 after acquiring an additional 21,660 shares during the last quarter. Hedge funds and other institutional investors 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.