Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of NexPoint Residential Trst from a hold rating to a buy rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of NexPoint Residential Trst from a hold rating to a sell rating in a research note on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $27.50.
NXRT opened at $27.01 on Monday. The company has a market cap of $556.14 million, a PE ratio of 23.09 and a beta of 0.79. NexPoint Residential Trst has a 52-week low of $26.82 and a 52-week high of $27.04. The company has a debt-to-equity ratio of 3.10, a quick ratio of 3.12 and a current ratio of 3.12.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.70%. NexPoint Residential Trst’s dividend payout ratio (DPR) is presently 85.47%.
A number of institutional investors have recently added to or reduced their stakes in NXRT. Ladenburg Thalmann Financial Services Inc. boosted its holdings in NexPoint Residential Trst by 68.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,944 shares during the period. Tower Research Capital LLC TRC boosted its holdings in NexPoint Residential Trst by 448.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,270 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 4,309 shares during the period. Forsta AP Fonden acquired a new position in NexPoint Residential Trst in the fourth quarter worth $204,000. Jane Street Group LLC acquired a new position in NexPoint Residential Trst in the fourth quarter worth $215,000. Finally, First Foundation Advisors acquired a new position in NexPoint Residential Trst in the first quarter worth $219,000. 60.43% of the stock is owned by hedge funds and other institutional investors.
About NexPoint Residential Trst
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.
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