NexPoint Residential Trust (NYSE:NXRT) Stock Price Up 3.6%

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s share price traded up 3.6% during trading on Tuesday . The stock traded as high as $34.57 and last traded at $34.50. 51,352 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 153,480 shares. The stock had previously closed at $33.31.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James lowered shares of NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, March 18th. Truist Financial decreased their price target on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, April 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on NexPoint Residential Trust in a research note on Tuesday, January 30th. They set a “buy” rating and a $38.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.25.

NexPoint Residential Trust Stock Performance

The firm’s 50 day simple moving average is $30.93 and its 200-day simple moving average is $31.35. The company has a market capitalization of $882.36 million, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.01 and a beta of 1.28. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.59 and a current ratio of 1.59.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.462 per share. This represents a $1.85 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is 110.12%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of institutional investors have recently bought and sold shares of NXRT. Pasadena Private Wealth LLC purchased a new stake in shares of NexPoint Residential Trust in the fourth quarter worth approximately $1,428,000. Strs Ohio lifted its position in NexPoint Residential Trust by 61.4% in the 4th quarter. Strs Ohio now owns 125,900 shares of the financial services provider’s stock worth $4,334,000 after buying an additional 47,900 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of NexPoint Residential Trust by 175.9% during the 3rd quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock valued at $5,263,000 after buying an additional 104,270 shares during the period. Schnieders Capital Management LLC grew its holdings in shares of NexPoint Residential Trust by 74.0% during the 4th quarter. Schnieders Capital Management LLC now owns 11,525 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of NexPoint Residential Trust by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 293,310 shares of the financial services provider’s stock worth $9,439,000 after acquiring an additional 6,292 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.