Brokerages Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Price Target at $60.00

NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $60.20.

Several analysts recently commented on the company. Credit Suisse Group lowered NexPoint Residential Trust from an “outperform” rating to a “neutral” rating and set a $47.00 price objective for the company. in a report on Monday, January 9th. StockNews.com started coverage on NexPoint Residential Trust in a research report on Thursday. They issued a “sell” rating on the stock. Truist Financial boosted their price objective on NexPoint Residential Trust from $46.00 to $49.00 in a research report on Thursday. Finally, TheStreet downgraded NexPoint Residential Trust from a “c” rating to a “d+” rating in a research report on Tuesday, February 21st.

NexPoint Residential Trust Stock Down 3.2 %

NXRT stock opened at $42.25 on Thursday. NexPoint Residential Trust has a twelve month low of $38.67 and a twelve month high of $95.04. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 3.21. The firm has a market cap of $1.08 billion, a PE ratio of -120.71, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The business has a 50 day moving average of $47.29 and a 200 day moving average of $46.52.

NexPoint Residential Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Tuesday, March 14th. NexPoint Residential Trust’s dividend payout ratio is presently -479.99%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NXRT. Cambridge Investment Research Advisors Inc. lifted its stake in NexPoint Residential Trust by 7.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,617 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 320 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter worth approximately $542,000. Acadian Asset Management LLC acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter worth approximately $117,000. MetLife Investment Management LLC increased its holdings in shares of NexPoint Residential Trust by 51.7% during the 1st quarter. MetLife Investment Management LLC now owns 11,855 shares of the financial services provider’s stock worth $1,071,000 after buying an additional 4,041 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter worth approximately $335,000. 77.28% of the stock is owned by hedge funds and other institutional investors.

About NexPoint Residential Trust

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NexPoint Residential Trust, Inc engages in the acquisition, management, and disposition of multifamily assets. It also focuses on providing lifestyle amenities and upgraded living spaces to low and moderate income renters in the Southeastern United States and Texas. The company was founded on September 19, 2014 and is headquartered in Dallas, TX.