ValuEngine downgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a buy rating to a hold rating in a research note released on Tuesday morning.

Several other analysts also recently issued reports on the company. B. Riley raised their price target on NexPoint Residential Trust from $34.00 to $37.00 and gave the stock a buy rating in a report on Monday, November 5th. Zacks Investment Research raised NexPoint Residential Trust from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Saturday, November 3rd. Finally, Boenning Scattergood downgraded NexPoint Residential Trust from an outperform rating to a hold rating in a report on Tuesday, October 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $35.50.

Shares of NYSE NXRT opened at $33.99 on Tuesday. The company has a market capitalization of $695.04 million, a P/E ratio of 29.05, a P/E/G ratio of 1.81 and a beta of 0.59. NexPoint Residential Trust has a 12-month low of $23.03 and a 12-month high of $38.17. The company has a debt-to-equity ratio of 3.83, a quick ratio of 2.77 and a current ratio of 0.98.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, October 30th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.69). The company had revenue of $36.50 million during the quarter, compared to the consensus estimate of $36.04 million. NexPoint Residential Trust had a negative return on equity of 0.49% and a negative net margin of 0.82%. On average, research analysts forecast that NexPoint Residential Trust will post 1.71 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be given a $0.275 dividend. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, December 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 85.47%.

A number of institutional investors and hedge funds have recently bought and sold shares of NXRT. Northern Trust Corp increased its position in NexPoint Residential Trust by 1.1% in the 1st quarter. Northern Trust Corp now owns 207,590 shares of the financial services provider’s stock valued at $5,157,000 after acquiring an additional 2,243 shares during the period. Dimensional Fund Advisors LP increased its position in NexPoint Residential Trust by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 206,391 shares of the financial services provider’s stock valued at $5,127,000 after acquiring an additional 9,975 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in NexPoint Residential Trust by 68.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,944 shares during the period. Commonwealth Equity Services LLC acquired a new stake in NexPoint Residential Trust in the 2nd quarter valued at approximately $214,000. Finally, First Trust Advisors LP increased its position in NexPoint Residential Trust by 9.7% in the 2nd quarter. First Trust Advisors LP now owns 23,648 shares of the financial services provider’s stock valued at $673,000 after acquiring an additional 2,086 shares during the period. Hedge funds and other institutional investors own 61.27% of the company’s stock.

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.

See Also: Buyback

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.