NexPoint Residential Trust (NYSE:NXRT) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of NexPoint Residential Trust (NYSE:NXRT - Free Report) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Separately, Raymond James raised NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 price target for the company in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.00.

NexPoint Residential Trust Stock Up 1.6 %

Shares of NexPoint Residential Trust stock traded up $0.62 during trading on Tuesday, hitting $38.83. 88,227 shares of the stock traded hands, compared to its average volume of 109,166. The stock has a market cap of $986.44 million, a P/E ratio of 22.19, a PEG ratio of 2.69 and a beta of 1.42. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust has a twelve month low of $28.20 and a twelve month high of $48.37. The company has a fifty day moving average price of $43.93 and a two-hundred day moving average price of $43.61.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($1.01). The business had revenue of $64.10 million during 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 firm earned $0.76 earnings per share. Equities research analysts predict that NexPoint Residential Trust will post 2.78 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.51 dividend. This is an increase from NexPoint Residential Trust's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Friday, December 13th. NexPoint Residential Trust's dividend payout ratio (DPR) is currently 116.57%.

Institutional Investors Weigh In On NexPoint Residential Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Valley Wealth Managers Inc. bought a new stake in shares of NexPoint Residential Trust during the third quarter valued at approximately $27,000. Point72 DIFC Ltd acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at about $32,000. Mirae Asset Global Investments Co. Ltd. increased its stake in NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 232 shares during the period. Meeder Asset Management Inc. acquired a new position in NexPoint Residential Trust in the third quarter worth about $42,000. Finally, Quest Partners LLC lifted its stake in NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider's stock worth $46,000 after purchasing an additional 1,048 shares during the period. Institutional investors and hedge funds own 76.61% of the company's stock.

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.