Nexpoint Residential Stock (NXRT)-Analysts are Bearish!

NXRT Stock

NexPoint Residential Trust, Inc. (NXRT:NYE) has garnered a consensus analyst rating of “Hold” according to a report by Stock Target Advisor Ratings. NXRT stock has received three hold ratings and two buy ratings, with an average one-year price target of $60.20 among analysts who have recently updated their coverage.

 

NXRT Stock-Analyst Ratings:

A number of brokerages have recently provided ratings for NXRT. Truist Financial raised their price target on NexPoint Residential Trust from $46.00 to $49.00 in a research report on Thursday, March 16th. The various analyst opinions reflect a mixed sentiment regarding the NXRT stock.

NXRT Ratings by Stock Target Advisor

NXRT Stock Price Performance:

NexPoint Residential Trust stock opened at $40.64 on Tuesday, with a 12-month range of $38.67 to $76.08. The stock’s 50-day moving average stands at $42.06, while the 200-day moving average is $44.89. The company’s market capitalization is $1.04 billion, and it currently has a price-to-earnings ratio of -127.00. The beta of NexPoint Residential Trust is 1.07, indicating a moderate level of volatility.

NXRT Ratings by Stock Target Advisor

Dividend Announcement:

NexPoint Residential Trust recently announced a quarterly dividend, which is scheduled to be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will receive a dividend of $0.42 per share. This equates to an annualized dividend of $1.68 and a yield of 4.13%. The ex-dividend date for this dividend is Wednesday, June 14th. It is important to note that NexPoint Residential Trust’s current payout ratio stands at -525.00%.

 

Institutional Inflows and Outflows:

Several large investors have made adjustments to their holdings in NexPoint Residential Trust. Yousif Capital Management LLC increased its stake in the company by 0.6% during the first quarter. LPL Financial LLC raised its position by 4.0% during the second quarter, while Arizona State Retirement System raised its position by 3.6% in the fourth quarter. Great West Life Assurance Co. also raised its position by 0.7% during the first quarter. Finally, Engineers Gate Manager LP increased its position by 12.6% during the first quarter. Currently, 77.28% of the NXRT stock is owned by institutional investors.

 

Conclusion:

NexPoint Residential Trust, Inc. has received a “Hold” rating from analysts, with a mix of hold and buy ratings among industry experts. The stock’s market performance reflects a price range between its 12-month high and low, indicating volatility within the market.

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