NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Average Rating of "Moderate Buy" by Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat.com reports. Three 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 price objective among analysts that have updated their coverage on the stock in the last year is $46.83.

NXRT has been the subject of a number of recent analyst reports. Raymond James upgraded shares of 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. JMP Securities boosted their price target on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the company a "market outperform" rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Truist Financial upped their target price on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Finally, Compass Point upped their price target on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in NexPoint Residential Trust by 10.5% in the second quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider's stock worth $6,389,000 after buying an additional 15,400 shares in the last quarter. Long Pond Capital LP bought a new position in NexPoint Residential Trust in the second quarter worth about $24,273,000. BOKF NA raised its stake in NexPoint Residential Trust by 3.1% in the first quarter. BOKF NA now owns 176,579 shares of the financial services provider's stock worth $5,575,000 after buying an additional 5,248 shares in the last quarter. Algert Global LLC raised its stake in NexPoint Residential Trust by 17.2% in the second quarter. Algert Global LLC now owns 86,003 shares of the financial services provider's stock worth $3,398,000 after buying an additional 12,627 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in NexPoint Residential Trust by 6.7% in the first quarter. BNP Paribas Financial Markets now owns 31,164 shares of the financial services provider's stock worth $1,003,000 after buying an additional 1,955 shares in the last quarter. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Stock Performance

Shares of NXRT remained flat at $43.00 during mid-day trading on Tuesday. 151,312 shares of the stock were exchanged, compared to its average volume of 140,968. The business has a 50-day simple moving average of $44.68 and a two-hundred day simple moving average of $40.46. The firm has a market cap of $1.09 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.30 and a beta of 1.37. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 2.96. NexPoint Residential Trust has a 12-month low of $26.21 and a 12-month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.29). The firm had revenue of $64.24 million for the quarter, compared to analysts' expectations of $64.99 million. NexPoint Residential Trust had a net margin of 32.93% and a return on equity of 17.69%. During the same quarter last year, the firm earned $0.88 earnings per share. On average, sell-side analysts anticipate that NexPoint Residential Trust will post 2.82 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.74%. This is an increase from NexPoint Residential Trust's previous quarterly dividend of $0.46. NexPoint Residential Trust's dividend payout ratio is 54.73%.

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.