Research Analysts’ Recent Ratings Changes for NexPoint Residential Trust (NXRT)

NexPoint Residential Trust (NYSE: NXRT) has recently received a number of price target changes and ratings updates:

  • 11/21/2018 – NexPoint Residential Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NexPoint Residential Trust, Inc. is engaged in acquiring, owning, operating and selectively developing multifamily properties. It operates primarily in the Southeastern United States and Texas. NexPoint Residential Trust, Inc. is based in Dallas, United States. “
  • 11/15/2018 – NexPoint Residential Trust had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 11/12/2018 – NexPoint Residential Trust was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/6/2018 – NexPoint Residential Trust was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/5/2018 – NexPoint Residential Trust had its price target raised by analysts at B. Riley from $34.00 to $37.00. They now have a “buy” rating on the stock.
  • 11/3/2018 – NexPoint Residential Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “NexPoint Residential Trust, Inc. is engaged in acquiring, owning, operating and selectively developing multifamily properties. It operates primarily in the Southeastern United States and Texas. NexPoint Residential Trust, Inc. is based in Dallas, United States. “
  • 10/30/2018 – NexPoint Residential Trust was downgraded by analysts at Boenning Scattergood from an “outperform” rating to a “hold” rating.

NexPoint Residential Trust stock opened at $35.67 on Friday. The company has a market cap of $838.23 million, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.59. NexPoint Residential Trust Inc has a 52-week low of $23.03 and a 52-week high of $38.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.83.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 30th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.69). The business had revenue of $36.50 million for the quarter, compared to the consensus estimate of $36.04 million. NexPoint Residential Trust had a negative return on equity of 0.49% and a negative net margin of 0.82%. As a group, sell-side analysts forecast that NexPoint Residential Trust Inc will post 1.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.08%. 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. NexPoint Residential Trust’s dividend payout ratio is presently 85.47%.

In other NexPoint Residential Trust news, insider James D. Dondero purchased 207,972 shares of the business’s stock in a transaction on Friday, November 16th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $6,863,076.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 19.00% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of NXRT. Russell Investments Group Ltd. raised its position in shares of NexPoint Residential Trust by 90.2% during the second quarter. Russell Investments Group Ltd. now owns 366,196 shares of the financial services provider’s stock worth $10,419,000 after purchasing an additional 173,662 shares during the period. Highland Capital Management LP raised its position in shares of NexPoint Residential Trust by 6.4% during the second quarter. Highland Capital Management LP now owns 2,453,418 shares of the financial services provider’s stock worth $71,994,000 after purchasing an additional 148,144 shares during the period. Renaissance Technologies LLC raised its position in shares of NexPoint Residential Trust by 10.4% during the third quarter. Renaissance Technologies LLC now owns 1,190,200 shares of the financial services provider’s stock worth $39,515,000 after purchasing an additional 112,200 shares during the period. Boston Partners raised its position in shares of NexPoint Residential Trust by 29.6% during the second quarter. Boston Partners now owns 298,490 shares of the financial services provider’s stock worth $8,492,000 after purchasing an additional 68,090 shares during the period. Finally, BlackRock Inc. raised its position in shares of NexPoint Residential Trust by 5.1% during the third quarter. BlackRock Inc. now owns 1,310,155 shares of the financial services provider’s stock worth $43,496,000 after purchasing an additional 63,114 shares during the period. 62.95% of the stock is currently owned by institutional investors.

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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