NexPoint Residential Trust (NYSE:NXRT) Research Coverage Started at JMP Securities

JMP Securities began coverage on shares of NexPoint Residential Trust (NYSE:NXRTGet Rating) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $70.00 price objective on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on NXRT. StockNews.com upgraded NexPoint Residential Trust from a sell rating to a hold rating in a report on Wednesday, August 31st. Compass Point set a $90.00 price objective on NexPoint Residential Trust in a report on Monday, June 20th. Janney Montgomery Scott upgraded NexPoint Residential Trust from a neutral rating to a buy rating in a report on Friday, August 12th. Raymond James reiterated a downgrade rating on shares of NexPoint Residential Trust in a report on Thursday, August 4th. Finally, Truist Financial cut their price objective on NexPoint Residential Trust from $90.00 to $66.00 and set a hold rating for the company in a report on Friday, June 24th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, NexPoint Residential Trust has an average rating of Moderate Buy and a consensus target price of $79.29.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock opened at $49.16 on Tuesday. NexPoint Residential Trust has a 52 week low of $48.06 and a 52 week high of $95.04. The business has a 50-day simple moving average of $58.37 and a 200 day simple moving average of $70.43. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 3.30. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 60.69, a PEG ratio of 2.03 and a beta of 1.07.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Wednesday, September 14th. NexPoint Residential Trust’s payout ratio is 187.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NXRT. Lazard Asset Management LLC bought a new position in NexPoint Residential Trust during the 2nd quarter valued at approximately $42,000. SeaCrest Wealth Management LLC bought a new position in NexPoint Residential Trust during the 2nd quarter valued at approximately $51,000. Quantbot Technologies LP bought a new position in NexPoint Residential Trust during the 2nd quarter valued at approximately $60,000. Point72 Hong Kong Ltd raised its position in NexPoint Residential Trust by 94.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 808 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 392 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new position in NexPoint Residential Trust during the 1st quarter valued at approximately $90,000. Institutional investors own 91.22% of the company’s stock.

About NexPoint Residential Trust

(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.

Further Reading

Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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