NexPoint Residential Trust Inc (NASDAQ:NXRT) has been assigned an average broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $22.50 for the company and are anticipating that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned NexPoint Residential Trust an industry rank of 88 out of 265 based on the ratings given to its competitors.
Several analysts have commented on NXRT shares. Zacks Investment Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, June 17th. Canaccord Genuity started coverage on shares of NexPoint Residential Trust in a report on Tuesday, June 28th. They issued a “buy” rating and a $20.00 price objective on the stock. DA Davidson reiterated a “buy” rating and issued a $23.00 price objective on shares of NexPoint Residential Trust in a report on Monday, August 15th. Finally, Compass Point started coverage on shares of NexPoint Residential Trust in a report on Friday, September 23rd. They issued a “buy” rating and a $24.00 price objective on the stock.
In other news, insider James D. Dondero bought 7,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average cost of $19.25 per share, with a total value of $150,150.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James D. Dondero bought 7,600 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The stock was purchased at an average cost of $19.74 per share, with a total value of $150,024.00. Following the completion of the purchase, the insider now directly owns 5,051 shares of the company’s stock, valued at approximately $99,706.74. The disclosure for this purchase can be found here.
A hedge fund recently bought a new stake in NexPoint Residential Trust stock. Wedge Capital Management L L P NC bought a new stake in shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 74,608 shares of the company’s stock, valued at approximately $1,358,000.
NexPoint Residential Trust (NASDAQ:NXRT) traded up 4.19% during mid-day trading on Thursday, hitting $18.16. 121,131 shares of the company traded hands. NexPoint Residential Trust has a one year low of $10.35 and a one year high of $21.47. The company’s 50-day moving average is $20.17 and its 200-day moving average is $17.11.
NexPoint Residential Trust (NASDAQ:NXRT) last announced its earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $33.70 million for the quarter, compared to analyst estimates of $33.50 million. On average, equities analysts anticipate that NexPoint Residential Trust will post $1.44 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.206 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.73%.
About NexPoint Residential Trust
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company’s business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P.
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