NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives $37.75 Average Target Price from Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been given a consensus recommendation of “Hold” by the five analysts that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $37.75.

A number of brokerages have recently commented on NXRT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $38.00 target price on shares of NexPoint Residential Trust in a report on Tuesday, June 11th. Raymond James raised NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research note on Friday, May 24th. Truist Financial lifted their target price on NexPoint Residential Trust from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, June 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of NexPoint Residential Trust in a report on Wednesday, March 6th.

NexPoint Residential Trust Stock Up 0.5 %

NXRT stock opened at $39.46 on Wednesday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35. The company has a fifty day moving average price of $36.50 and a 200 day moving average price of $33.37. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.66 and a quick ratio of 2.66. NexPoint Residential Trust has a 12 month low of $26.21 and a 12 month high of $49.87.

NexPoint Residential Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.4624 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.69%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, June 14th. NexPoint Residential Trust’s dividend payout ratio is 65.37%.

Insider Activity at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Brian Mitts sold 2,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $39.40, for a total value of $78,800.00. Following the completion of the transaction, the insider now owns 65,696 shares in the company, valued at $2,588,422.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank grew its holdings in shares of NexPoint Residential Trust by 1.0% in the 3rd quarter. Swiss National Bank now owns 50,809 shares of the financial services provider’s stock worth $1,635,000 after acquiring an additional 500 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in NexPoint Residential Trust by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 293,310 shares of the financial services provider’s stock valued at $9,439,000 after purchasing an additional 6,292 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of NexPoint Residential Trust by 41.7% in the third quarter. Envestnet Asset Management Inc. now owns 145,379 shares of the financial services provider’s stock valued at $4,678,000 after buying an additional 42,789 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of NexPoint Residential Trust by 123.1% during the 3rd quarter. Quadrature Capital Ltd now owns 13,621 shares of the financial services provider’s stock worth $438,000 after buying an additional 7,515 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of NexPoint Residential Trust by 175.9% in the 3rd quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock worth $5,263,000 after buying an additional 104,270 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.