Shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) were up 1.4% during trading on Wednesday . The stock traded as high as $21.32 and last traded at $21.29, with a volume of 80,032 shares trading hands. The stock had previously closed at $20.99.

Several analysts have commented on NXRT shares. Zacks Investment Research cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, June 17th. Canaccord Genuity initiated coverage on NexPoint Residential Trust in a research note on Tuesday, June 28th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, DA Davidson reaffirmed a “buy” rating and issued a $23.00 price objective on shares of NexPoint Residential Trust in a research note on Monday.

The firm’s 50-day moving average is $19.41 and its 200-day moving average is $15.06.

NexPoint Residential Trust (NASDAQ:NXRT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm earned $33.70 million during the quarter, compared to analyst estimates of $33.50 million. Equities analysts predict that NexPoint Residential Trust Inc will post $1.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.206 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.82 annualized dividend and a dividend yield of 3.92%.

In other news, insider James D. Dondero acquired 7,800 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was acquired at an average price of $19.25 per share, for a total transaction of $150,150.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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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