NexPoint Residential Trust (NYSE:NXRT) Coverage Initiated by Analysts at JMP Securities

JMP Securities initiated coverage on shares of NexPoint Residential Trust (NYSE:NXRTGet Rating) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $70.00 price objective on the financial services provider’s stock.

A number of other equities research analysts have also commented on the stock. StockNews.com raised shares of NexPoint Residential Trust from a sell rating to a hold rating in a report on Wednesday, August 31st. Raymond James reissued a downgrade rating on shares of NexPoint Residential Trust in a report on Thursday, August 4th. Compass Point set a $90.00 price objective on shares of NexPoint Residential Trust in a report on Monday, June 20th. Credit Suisse Group began coverage on shares of NexPoint Residential Trust in a report on Wednesday, June 22nd. They set an outperform rating and a $72.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on shares of NexPoint Residential Trust from $88.00 to $70.00 and set a buy rating on the stock in a research note on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, NexPoint Residential Trust currently has a consensus rating of Moderate Buy and an average target price of $79.29.

NexPoint Residential Trust Stock Down 4.2 %

Shares of NYSE:NXRT opened at $49.88 on Tuesday. NexPoint Residential Trust has a 12 month low of $49.75 and a 12 month high of $95.04. The company’s 50-day moving average price is $58.77 and its two-hundred day moving average price is $70.86. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 3.30. The firm has a market cap of $1.28 billion, a P/E ratio of 61.58, a P/E/G ratio of 2.11 and a beta of 1.07.

NexPoint Residential Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.05%. NexPoint Residential Trust’s dividend payout ratio is 187.65%.

Institutional Trading of NexPoint Residential Trust

A number of hedge funds have recently modified their holdings of NXRT. Lazard Asset Management LLC acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth approximately $42,000. SeaCrest Wealth Management LLC acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth approximately $51,000. Quantbot Technologies LP acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth approximately $60,000. Point72 Hong Kong Ltd raised its holdings in shares of NexPoint Residential Trust by 94.2% in 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 during the last quarter. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in shares of NexPoint Residential Trust in the first quarter valued at approximately $90,000. 91.22% of the stock is currently owned by institutional investors and hedge funds.

About NexPoint Residential Trust

(Get Rating)

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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Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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