NexPoint Residential Trust (NYSE:NXRT) Cut to “Sell” at StockNews.com

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

Other analysts have also recently issued research reports about the company. Truist Financial increased their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft increased their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.83.

NexPoint Residential Trust Trading Up 0.3 %

NXRT opened at $46.14 on Wednesday. The stock’s fifty day moving average is $44.52 and its two-hundred day moving average is $42.64. The company has a market capitalization of $1.17 billion, a P/E ratio of 26.37, a PEG ratio of 2.80 and a beta of 1.40. NexPoint Residential Trust has a 52 week low of $28.20 and a 52 week high of $48.37. 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 (NYSE:NXRT) last released its quarterly earnings data 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). The firm had revenue of $64.10 million for the quarter, compared to analysts’ expectations 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 earned $0.76 earnings per share. Analysts forecast that NexPoint Residential Trust will post 2.78 earnings per share 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. Stockholders of record on Friday, December 13th will be given a $0.51 dividend. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.42%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 105.71%.

Institutional Trading of NexPoint Residential Trust

A number of institutional investors have recently made changes to their positions in NXRT. Valley Wealth Managers Inc. acquired a new stake in shares of NexPoint Residential Trust in the 3rd quarter worth $27,000. Point72 DIFC Ltd acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth about $32,000. Mirae Asset Global Investments Co. Ltd. lifted its position in NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 232 shares during the period. Signaturefd LLC lifted its position in NexPoint Residential Trust by 238.4% during the 2nd quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 732 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in NexPoint Residential Trust during the 3rd quarter worth about $42,000. 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.