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

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 morning.

Several other research analysts have also weighed in on NXRT. Raymond James upgraded 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, NexPoint Residential Trust has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

NexPoint Residential Trust Trading Down 1.7 %

NexPoint Residential Trust stock opened at $41.65 on Friday. NexPoint Residential Trust has a 1 year low of $28.20 and a 1 year high of $48.37. The firm’s 50 day moving average price is $44.66 and its two-hundred day moving average price is $43.34. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (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 analyst estimates of $64.69 million. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, research 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 116.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of NexPoint Residential Trust by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 244,264 shares of the financial services provider’s stock worth $9,651,000 after buying an additional 9,297 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of NexPoint Residential Trust by 238.4% during the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 732 shares during the period. Van ECK Associates Corp lifted its holdings in shares of NexPoint Residential Trust by 7.3% during the second quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 236 shares during the period. Capital Square LLC boosted its stake in shares of NexPoint Residential Trust by 5.2% in the 2nd quarter. Capital Square LLC now owns 12,735 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 627 shares in the last quarter. Finally, First Foundation Advisors grew its holdings in shares of NexPoint Residential Trust by 20.8% in the 2nd quarter. First Foundation Advisors now owns 16,221 shares of the financial services provider’s stock worth $641,000 after purchasing an additional 2,794 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

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.