NexPoint Residential Trust (NXRT) Downgraded by ValuEngine

ValuEngine downgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a buy rating to a hold rating in a report published on Tuesday.

NXRT has been the topic of several other reports. Boenning Scattergood lowered NexPoint Residential Trust from an outperform rating to a hold rating in a research report on Tuesday, October 30th. Zacks Investment Research lowered NexPoint Residential Trust from a buy rating to a hold rating in a research report on Wednesday, August 1st. Finally, B. Riley lifted their price target on NexPoint Residential Trust from $34.00 to $37.00 and gave the company a buy rating in a research report on Monday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $35.50.

Shares of NYSE NXRT traded down $0.04 during mid-day trading on Tuesday, hitting $34.02. 33,194 shares of the stock traded hands, compared to its average volume of 110,521. The company has a quick ratio of 2.77, a current ratio of 0.98 and a debt-to-equity ratio of 3.83. NexPoint Residential Trust has a 52 week low of $23.03 and a 52 week high of $38.17. The firm has a market capitalization of $671.96 million, a PE ratio of 29.08, a P/E/G ratio of 1.75 and a beta of 0.59.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, October 30th. The financial services provider reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.69). NexPoint Residential Trust had a negative net margin of 0.82% and a negative return on equity of 0.49%. The firm had revenue of $36.50 million for the quarter, compared to the consensus estimate of $36.04 million. On average, research analysts anticipate that NexPoint Residential Trust will post 1.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be paid a dividend of $0.275 per share. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 14th. This represents a $1.10 dividend on an annualized basis and a yield of 3.23%. NexPoint Residential Trust’s payout ratio is presently 85.47%.

A number of large investors have recently made changes to their positions in NXRT. Northern Trust Corp raised its stake in NexPoint Residential Trust by 1.1% during the first quarter. Northern Trust Corp now owns 207,590 shares of the financial services provider’s stock valued at $5,157,000 after buying an additional 2,243 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in NexPoint Residential Trust by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 206,391 shares of the financial services provider’s stock valued at $5,127,000 after buying an additional 9,975 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in NexPoint Residential Trust by 68.6% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,944 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in NexPoint Residential Trust during the second quarter valued at $214,000. Finally, First Trust Advisors LP raised its stake in NexPoint Residential Trust by 9.7% during the second quarter. First Trust Advisors LP now owns 23,648 shares of the financial services provider’s stock valued at $673,000 after buying an additional 2,086 shares during the last quarter. Institutional investors and hedge funds own 61.27% of the company’s stock.

NexPoint Residential Trust Company Profile

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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