Shares of NexPoint Residential Trust Inc (NYSE:NXRT) have received an average rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.67.

A number of equities analysts have recently weighed in on NXRT shares. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Saturday, January 6th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target (up from $27.00) on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. FBR & Co reaffirmed a “buy” rating and issued a $27.00 price target on shares of NexPoint Residential Trust in a research note on Thursday, October 26th. Finally, BidaskClub raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 13th.

NexPoint Residential Trust (NXRT) traded down $0.47 during midday trading on Monday, hitting $26.45. 70,401 shares of the stock were exchanged, compared to its average volume of 71,208. NexPoint Residential Trust has a 1-year low of $22.28 and a 1-year high of $29.40. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $557.02 and a P/E ratio of 9.80.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $2.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $2.14. NexPoint Residential Trust had a net margin of 40.80% and a return on equity of 24.54%. analysts anticipate that NexPoint Residential Trust will post 1.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.78%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, December 14th. NexPoint Residential Trust’s dividend payout ratio is presently 37.04%.

In other NexPoint Residential Trust news, insider James D. Dondero bought 10,000 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of $28.50 per share, with a total value of $285,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James D. Dondero bought 18,000 shares of the stock in a transaction on Thursday, December 14th. The shares were acquired at an average cost of $26.65 per share, for a total transaction of $479,700.00. The disclosure for this purchase can be found here. Insiders have acquired 43,065 shares of company stock worth $1,180,889 over the last three months. Company insiders own 19.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NXRT. The Manufacturers Life Insurance Company increased its position in NexPoint Residential Trust by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock worth $369,000 after buying an additional 385 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in NexPoint Residential Trust during the third quarter worth $415,000. Alliancebernstein L.P. increased its position in NexPoint Residential Trust by 15.1% during the second quarter. Alliancebernstein L.P. now owns 17,190 shares of the financial services provider’s stock worth $428,000 after buying an additional 2,260 shares during the last quarter. First Trust Advisors LP acquired a new position in NexPoint Residential Trust during the third quarter worth $478,000. Finally, New York State Common Retirement Fund increased its position in NexPoint Residential Trust by 30.2% during the second quarter. New York State Common Retirement Fund now owns 22,968 shares of the financial services provider’s stock worth $572,000 after buying an additional 5,323 shares during the last quarter. 56.62% of the stock is currently owned by hedge funds and other institutional investors.

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About NexPoint Residential Trust

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.

Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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