NexPoint Residential Trust (NYSE:NXRT) PT Set at $90.00 by Compass Point

Compass Point set a $90.00 target price on NexPoint Residential Trust (NYSE:NXRTGet Rating) in a research note released on Monday morning, Stock Target Advisor reports.

A number of other analysts have also recently commented on the stock. BTIG Research assumed coverage on shares of NexPoint Residential Trust in a research note on Monday, May 9th. They issued a neutral rating for the company. Raymond James boosted their price target on NexPoint Residential Trust from $67.00 to $95.00 and gave the stock an outperform rating in a research report on Tuesday, February 22nd. Finally, StockNews.com cut NexPoint Residential Trust from a hold rating to a sell rating in a research report on Friday, June 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $91.00.

Shares of NexPoint Residential Trust stock opened at $58.86 on Monday. The stock has a market cap of $1.51 billion, a P/E ratio of 60.68, a P/E/G ratio of 2.38 and a beta of 0.98. The company has a quick ratio of 6.10, a current ratio of 6.09 and a debt-to-equity ratio of 3.14. NexPoint Residential Trust has a 12-month low of $53.61 and a 12-month high of $95.04. The business’s 50 day moving average is $76.02 and its 200-day moving average is $80.52.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.52 annualized dividend and a yield of 2.58%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 156.70%.

In other NexPoint Residential Trust news, President James D. Dondero acquired 17,050 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was purchased at an average price of $59.01 per share, with a total value of $1,006,120.50. Following the acquisition, the president now directly owns 2,033,188 shares of the company’s stock, valued at approximately $119,978,423.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian Mitts sold 1,100 shares of the stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $90.80, for a total transaction of $99,880.00. The disclosure for this sale can be found here. Insiders own 12.69% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in NexPoint Residential Trust by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 335,479 shares of the financial services provider’s stock valued at $20,760,000 after acquiring an additional 9,573 shares in the last quarter. Voya Investment Management LLC raised its stake in NexPoint Residential Trust by 3.2% in the third quarter. Voya Investment Management LLC now owns 9,405 shares of the financial services provider’s stock valued at $582,000 after purchasing an additional 291 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in NexPoint Residential Trust during the third quarter worth about $26,000. Citadel Advisors LLC lifted its position in NexPoint Residential Trust by 27.4% during the third quarter. Citadel Advisors LLC now owns 58,970 shares of the financial services provider’s stock worth $3,649,000 after purchasing an additional 12,685 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in NexPoint Residential Trust by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 181,851 shares of the financial services provider’s stock worth $11,253,000 after buying an additional 788 shares in the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.

NexPoint Residential Trust Company Profile (Get Rating)

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.

Featured Stories

Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.