NexPoint Residential Trust (NYSE:NXRT) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of NexPoint Residential Trust (NYSE:NXRT) from a hold rating to a sell rating in a research report released on Monday.

A number of other equities research analysts have also recently commented on the stock. Compass Point raised their price target on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Truist Financial raised their price objective on shares of 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 raised their price objective on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, Raymond James raised 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.83.

NexPoint Residential Trust Trading Up 0.9 %

NXRT opened at $46.50 on Monday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock has a market cap of $1.18 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.37. The company has a fifty day moving average of $44.14 and a 200-day moving average of $41.15. NexPoint Residential Trust has a twelve month low of $28.20 and a twelve month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The company had revenue of $64.10 million during the quarter, compared to analyst estimates of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, sell-side analysts predict that NexPoint Residential Trust will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.51 per share. 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 4.39%. The ex-dividend date is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 105.71%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NXRT. Valley Wealth Managers Inc. purchased a new stake in NexPoint Residential Trust during the third quarter worth about $27,000. Point72 DIFC Ltd purchased a new stake in NexPoint Residential Trust during the second quarter worth about $32,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in NexPoint Residential Trust by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after buying an additional 232 shares during the last quarter. Signaturefd LLC increased its holdings in NexPoint Residential Trust by 238.4% during the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after buying an additional 732 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in NexPoint Residential Trust during the third quarter worth about $42,000. 76.61% of the stock is owned by institutional investors.

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.