NexPoint Residential Trust (NYSE:NXRT) Now Covered by Analysts at Robert W. Baird

Robert W. Baird began coverage on shares of NexPoint Residential Trust (NYSE:NXRT) in a research note released on Friday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $50.00 price objective on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. LADENBURG THALM/SH SH lifted their target price on NexPoint Residential Trust from $41.50 to $44.00 and gave the stock a buy rating in a report on Friday, May 31st. Zacks Investment Research upgraded NexPoint Residential Trust from a hold rating to a buy rating and set a $52.00 target price for the company in a report on Tuesday. Raymond James lifted their target price on NexPoint Residential Trust to $51.00 and gave the stock a strong-buy rating in a report on Monday, August 19th. Finally, Compass Point upgraded NexPoint Residential Trust from a neutral rating to a buy rating and set a $46.50 target price for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $47.42.

NYSE NXRT opened at $47.56 on Friday. The stock has a market capitalization of $1.14 billion, a PE ratio of 25.30, a P/E/G ratio of 2.45 and a beta of 0.39. The business has a 50 day simple moving average of $45.78 and a two-hundred day simple moving average of $40.89. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.12 and a quick ratio of 2.12. NexPoint Residential Trust has a 1-year low of $31.64 and a 1-year high of $47.94.



NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.54). The firm had revenue of $43.07 million for the quarter, compared to analysts’ expectations of $43.05 million. NexPoint Residential Trust had a negative net margin of 10.21% and a negative return on equity of 6.07%. On average, analysts anticipate that NexPoint Residential Trust will post 2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, September 12th. NexPoint Residential Trust’s dividend payout ratio (DPR) is 58.51%.

In related news, insider James D. Dondero bought 500,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was purchased at an average price of $41.19 per share, for a total transaction of $20,595,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 21.49% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of NexPoint Residential Trust by 35.5% during the 2nd quarter. Royal Bank of Canada now owns 2,305 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 604 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of NexPoint Residential Trust by 31.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,924 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 703 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of NexPoint Residential Trust by 29.8% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 62,054 shares of the financial services provider’s stock worth $2,569,000 after acquiring an additional 14,238 shares during the last quarter. United Services Automobile Association lifted its stake in shares of NexPoint Residential Trust by 5.1% during the 2nd quarter. United Services Automobile Association now owns 47,044 shares of the financial services provider’s stock worth $1,948,000 after acquiring an additional 2,283 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in shares of NexPoint Residential Trust by 44.3% during the 2nd quarter. Susquehanna International Group LLP now owns 8,225 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 2,525 shares during the last quarter. 72.09% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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