ValuEngine cut shares of NexPoint Residential Trust (NYSE:NXRT) from a buy rating to a hold rating in a research note released on Friday morning.

Other analysts have also issued research reports about the company. B. Riley lifted their price objective on NexPoint Residential Trust from $27.00 to $28.00 and gave the stock a buy rating in a report on Wednesday, November 1st. Zacks Investment Research downgraded NexPoint Residential Trust from a hold rating to a sell rating in a research report on Friday, November 3rd. Ladenburg Thalmann Financial Services restated a buy rating on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. BidaskClub downgraded NexPoint Residential Trust from a hold rating to a sell rating in a research report on Friday, October 6th. Finally, Janney Montgomery Scott assumed coverage on NexPoint Residential Trust in a research report on Friday, September 8th. They set a neutral rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. NexPoint Residential Trust has a consensus rating of Hold and an average price target of $27.75.

Shares of NexPoint Residential Trust (NYSE NXRT) traded down $0.32 during mid-day trading on Friday, hitting $28.05. The company had a trading volume of 101,000 shares, compared to its average volume of 78,653. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72. NexPoint Residential Trust has a 1-year low of $20.14 and a 1-year high of $29.28. The company has a market cap of $597.45, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 4.89 and a beta of 0.93.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.25 dividend. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 3.57%. NexPoint Residential Trust’s payout ratio is presently 32.71%.

In other NexPoint Residential Trust news, insider James D. Dondero acquired 1,100 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was purchased at an average price of $23.37 per share, for a total transaction of $25,707.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 19.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of NXRT. Numeric Investors LLC raised its position in shares of NexPoint Residential Trust by 61.0% during the second quarter. Numeric Investors LLC now owns 547,597 shares of the financial services provider’s stock worth $13,630,000 after acquiring an additional 207,460 shares during the last quarter. Vanguard Group Inc. raised its position in shares of NexPoint Residential Trust by 7.1% during the first quarter. Vanguard Group Inc. now owns 2,015,961 shares of the financial services provider’s stock worth $48,706,000 after acquiring an additional 134,077 shares during the last quarter. Boston Partners raised its position in shares of NexPoint Residential Trust by 89.0% during the third quarter. Boston Partners now owns 275,200 shares of the financial services provider’s stock worth $6,530,000 after acquiring an additional 129,600 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of NexPoint Residential Trust by 19.8% during the second quarter. Renaissance Technologies LLC now owns 780,100 shares of the financial services provider’s stock worth $19,417,000 after acquiring an additional 129,000 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of NexPoint Residential Trust by 109.3% during the third quarter. Russell Investments Group Ltd. now owns 220,919 shares of the financial services provider’s stock worth $5,242,000 after acquiring an additional 115,368 shares during the last quarter. Hedge funds and other institutional investors own 56.62% of the company’s stock.

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NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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