NexPoint Residential Trust (NYSE:NXRT) Upgraded at StockNews.com

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

A number of other equities research analysts have also recently issued reports on NXRT. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their target price 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, NexPoint Residential Trust has an average rating of “Moderate Buy” and a consensus price target of $49.00.

NexPoint Residential Trust Stock Down 0.7 %

Shares of NXRT opened at $41.35 on Friday. 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 company has a 50-day moving average price of $44.60 and a two-hundred day moving average price of $43.46. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 2.69 and a beta of 1.40. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The company had revenue of $64.10 million for the quarter, compared to the consensus estimate of $64.69 million. During the same quarter last year, the business earned $0.76 EPS. Equities analysts predict that NexPoint Residential Trust will post 2.78 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.93%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 116.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXRT. JPMorgan Chase & Co. raised its position in shares of NexPoint Residential Trust by 16.7% during the third quarter. JPMorgan Chase & Co. now owns 117,090 shares of the financial services provider’s stock worth $5,153,000 after acquiring an additional 16,746 shares during the last quarter. Franklin Resources Inc. raised its holdings in NexPoint Residential Trust by 164.0% during the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock worth $1,506,000 after purchasing an additional 21,660 shares during the last quarter. Tidal Investments LLC acquired a new position in NexPoint Residential Trust during the 3rd quarter valued at about $1,166,000. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 2,740 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of NexPoint Residential Trust by 4.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,530 shares of the financial services provider’s stock worth $1,256,000 after buying an additional 1,100 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.