NexPoint Residential Trust (NYSE:NXRT) Stock Rating Upgraded by StockNews.com

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

A number of other research firms also recently commented on NXRT. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Raymond James upgraded shares of NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 price objective on the stock in a research note on Monday, October 21st. Truist Financial lifted their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a "hold" rating in a research note on Tuesday, August 27th. JMP Securities increased their price target on NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a "market outperform" rating in a research report on Friday, August 2nd. Finally, Compass Point raised their price target on NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, NexPoint Residential Trust currently has a consensus rating of "Hold" and a consensus target price of $46.83.

NexPoint Residential Trust Stock Up 1.6 %

Shares of NXRT traded up $0.70 during midday trading on Tuesday, hitting $46.11. The company had a trading volume of 136,396 shares, compared to its average volume of 140,419. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 1.52 and a beta of 1.37. The company's 50 day moving average price is $44.11 and its 200 day moving average price is $41.66. 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 has a 52 week low of $28.20 and a 52 week high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The firm had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, equities research analysts predict that NexPoint Residential Trust will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.42%. This is a positive change from NexPoint Residential Trust's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust's dividend payout ratio is 105.71%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Long Pond Capital LP bought a new stake in shares of NexPoint Residential Trust in the 2nd quarter worth $24,273,000. Geode Capital Management LLC lifted its holdings in 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 last quarter. Dimensional Fund Advisors LP lifted its holdings in NexPoint Residential Trust by 7.6% in the 2nd 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NexPoint Residential Trust by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider's stock worth $14,641,000 after purchasing an additional 8,795 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of NexPoint Residential Trust by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 244,264 shares of the financial services provider's stock worth $9,651,000 after purchasing an additional 9,297 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors.

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.