NexPoint Residential Trust Inc (NYSE:NXRT) has been given a consensus recommendation of “Buy” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.75.

A number of research firms have recently commented on NXRT. Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, August 2nd. B. Riley boosted their price objective on NexPoint Residential Trust from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. ValuEngine raised NexPoint Residential Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. TheStreet downgraded NexPoint Residential Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, June 19th. Finally, Jefferies Financial Group began coverage on NexPoint Residential Trust in a research note on Monday, June 11th. They issued a “buy” rating and a $32.00 price objective on the stock.

NXRT stock traded down $0.60 during trading on Tuesday, reaching $31.70. 52,500 shares of the company’s stock were exchanged, compared to its average volume of 75,295. The company has a debt-to-equity ratio of 3.24, a quick ratio of 2.77 and a current ratio of 2.77. NexPoint Residential Trust has a 1-year low of $23.03 and a 1-year high of $33.64. The firm has a market capitalization of $670.14 million, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.75 and a beta of 0.81.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, July 31st. The financial services provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.49). NexPoint Residential Trust had a return on equity of 23.89% and a net margin of 40.64%. The firm had revenue of $35.66 million during the quarter, compared to the consensus estimate of $35.53 million. equities research analysts predict that NexPoint Residential Trust will post 1.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, September 13th. NexPoint Residential Trust’s dividend payout ratio is presently 85.47%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners raised its position in shares of NexPoint Residential Trust by 6.1% during the first quarter. Boston Partners now owns 230,400 shares of the financial services provider’s stock worth $5,723,000 after purchasing an additional 13,300 shares during the period. Deutsche Bank AG raised its position in shares of NexPoint Residential Trust by 118.5% during the fourth quarter. Deutsche Bank AG now owns 55,707 shares of the financial services provider’s stock worth $1,555,000 after purchasing an additional 30,212 shares during the period. GSA Capital Partners LLP raised its position in shares of NexPoint Residential Trust by 48.0% during the first quarter. GSA Capital Partners LLP now owns 83,535 shares of the financial services provider’s stock worth $2,075,000 after purchasing an additional 27,095 shares during the period. Highland Capital Management LP raised its position in shares of NexPoint Residential Trust by 4.1% during the first quarter. Highland Capital Management LP now owns 2,305,274 shares of the financial services provider’s stock worth $57,263,000 after purchasing an additional 89,799 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of NexPoint Residential Trust by 32.3% during the first quarter. Prudential Financial Inc. now owns 73,730 shares of the financial services provider’s stock worth $1,832,000 after purchasing an additional 18,000 shares during the period. 61.99% of the stock is currently 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.

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Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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