NexPoint Residential Trust (NYSE:NXRT) Sets New 52-Week Low at $51.06

NexPoint Residential Trust, Inc. (NYSE:NXRTGet Rating)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $51.06 and last traded at $51.46, with a volume of 553 shares. The stock had previously closed at $52.37.

Analysts Set New Price Targets

A number of analysts recently commented on NXRT shares. Raymond James reaffirmed a “downgrade” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 4th. StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Janney Montgomery Scott raised NexPoint Residential Trust from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th. Compass Point set a $90.00 price target on NexPoint Residential Trust in a research report on Monday, June 20th. Finally, Credit Suisse Group started coverage on NexPoint Residential Trust in a report on Wednesday, June 22nd. They set an “outperform” rating and a $72.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.83.

NexPoint Residential Trust Stock Down 0.9 %

The stock has a fifty day moving average price of $59.09 and a 200 day moving average price of $71.40. The company has a debt-to-equity ratio of 3.30, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market capitalization of $1.33 billion, a P/E ratio of 64.09, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.93%. The ex-dividend date is Wednesday, September 14th. NexPoint Residential Trust’s dividend payout ratio is 187.65%.

Institutional Investors Weigh In On NexPoint Residential Trust

Several large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in NexPoint Residential Trust during the second quarter valued at about $42,000. Point72 Hong Kong Ltd raised its position in NexPoint Residential Trust by 94.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 808 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 392 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in NexPoint Residential Trust during the second quarter valued at about $51,000. Quantbot Technologies LP purchased a new stake in NexPoint Residential Trust during the second quarter valued at about $60,000. Finally, Joseph P. Lucia & Associates LLC purchased a new stake in NexPoint Residential Trust during the first quarter valued at about $90,000. Institutional investors own 91.22% of the company’s stock.

NexPoint Residential Trust Company Profile

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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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