NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Free Report) has received a consensus recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $37.25.
Several brokerages recently weighed in on NXRT. Raymond James lowered NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of NexPoint Residential Trust in a research report on Tuesday, January 30th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Truist Financial dropped their target price on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, April 9th.
Get Our Latest Research Report on NexPoint Residential Trust
Hedge Funds Weigh In On NexPoint Residential Trust
NexPoint Residential Trust Trading Up 1.8 %
Shares of NexPoint Residential Trust stock opened at $31.34 on Friday. The firm has a 50-day simple moving average of $30.59 and a two-hundred day simple moving average of $31.26. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.59 and a current ratio of 1.59. NexPoint Residential Trust has a fifty-two week low of $26.21 and a fifty-two week high of $49.87. The company has a market cap of $807.63 million, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 0.93 and a beta of 1.28.
NexPoint Residential Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.462 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is 110.12%.
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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