NexPoint Residential Trust (NYSE:NXRT) Hits New 12-Month High at $49.34

NexPoint Residential Trust Inc (NYSE:NXRT)’s share price reached a new 52-week high on Thursday . The company traded as high as $49.34 and last traded at $48.57, with a volume of 2596 shares trading hands. The stock had previously closed at $48.28.

A number of research analysts recently weighed in on the stock. Robert W. Baird assumed coverage on shares of NexPoint Residential Trust in a research report on Friday, September 20th. They issued an “outperform” rating and a $50.00 target price for the company. SunTrust Banks assumed coverage on shares of NexPoint Residential Trust in a research report on Tuesday. They issued a “hold” rating and a $45.00 target price for the company. ValuEngine downgraded shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Compass Point raised shares of NexPoint Residential Trust from a “neutral” rating to a “buy” rating and set a $46.50 target price for the company in a research report on Wednesday, July 31st. Finally, Zacks Investment Research downgraded shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.07.

The business’s 50-day moving average price is $46.85 and its 200 day moving average price is $42.12. The company has a market cap of $1.15 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.55 and a beta of 0.39. The company has a debt-to-equity ratio of 3.60, a quick ratio of 2.12 and a current ratio of 2.12.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.54). NexPoint Residential Trust had a negative net margin of 10.21% and a negative return on equity of 6.07%. The firm had revenue of $43.07 million during the quarter, compared to the consensus estimate of $43.05 million. Equities research analysts forecast that NexPoint Residential Trust Inc will post 1.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, September 12th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 58.51%.

In related news, insider James D. Dondero bought 500,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was bought at an average price of $41.19 per share, for a total transaction of $20,595,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 21.49% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MUFG Americas Holdings Corp acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth about $50,000. Steward Partners Investment Advisory LLC acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth about $82,000. Aperio Group LLC acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth about $91,000. Royal Bank of Canada raised its stake in NexPoint Residential Trust by 35.5% in the 2nd quarter. Royal Bank of Canada now owns 2,305 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 604 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in NexPoint Residential Trust by 351.5% in the 2nd quarter. Bank of Montreal Can now owns 2,641 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 2,056 shares in the last quarter. Institutional investors own 72.09% of the company’s stock.

About NexPoint Residential Trust (NYSE:NXRT)

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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