NexPoint Residential Trust, Inc. (NYSE:NXRT) has received an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $27.67.
A number of research firms have recently commented on NXRT. FBR & Co reiterated a “buy” rating and set a $27.00 target price on shares of NexPoint Residential Trust in a research note on Thursday, October 26th. Janney Montgomery Scott assumed coverage on NexPoint Residential Trust in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. BidaskClub cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, B. Riley FBR, Inc. boosted their price objective on NexPoint Residential Trust from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday.
NexPoint Residential Trust (NYSE:NXRT) opened at 24.00 on Wednesday. NexPoint Residential Trust has a 12 month low of $16.67 and a 12 month high of $26.10. The company has a market capitalization of $505.03 million, a price-to-earnings ratio of 45.63 and a beta of 0.83. The stock has a 50 day moving average of $23.70 and a 200 day moving average of $24.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.25 dividend. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Thursday, December 14th. NexPoint Residential Trust’s payout ratio is currently 172.55%.
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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.
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