Raymond James Issues Pessimistic Forecast for NexPoint Residential Trust (NYSE:NXRT) Stock Price

NexPoint Residential Trust (NYSE:NXRT) had its target price decreased by Raymond James from $50.00 to $44.00 in a research report report published on Thursday,Benzinga reports. Raymond James currently has an outperform rating on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Truist Financial lifted their price target on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a report on Monday, March 10th. Finally, Jefferies Financial Group lifted their price target on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.33.

NexPoint Residential Trust Stock Performance

NXRT opened at $37.79 on Thursday. The business’s 50 day moving average is $39.63 and its 200-day moving average is $42.51. The stock has a market cap of $962.23 million, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a twelve month low of $30.02 and a twelve month high of $48.37.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 5.40%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -20,400.00%.

Institutional Investors Weigh In On NexPoint Residential Trust

Institutional investors have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new position in shares of NexPoint Residential Trust in the fourth quarter valued at $35,000. Smartleaf Asset Management LLC increased its holdings in shares of NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after buying an additional 456 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of NexPoint Residential Trust in the third quarter valued at $42,000. Quest Partners LLC increased its holdings in shares of NexPoint Residential Trust by 104,800.0% in the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,048 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of NexPoint Residential Trust by 60.7% in the third quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock valued at $63,000 after buying an additional 538 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

About NexPoint Residential Trust

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.