Shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) have earned an average broker rating score of 1.00 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price objective of $22.50 for the company and are forecasting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned NexPoint Residential Trust an industry rank of 93 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently weighed in on NXRT shares. DA Davidson reissued a “buy” rating and issued a $23.00 target price on shares of NexPoint Residential Trust in a research report on Monday, August 15th. Zacks Investment Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 30th. Compass Point started coverage on shares of NexPoint Residential Trust in a research report on Friday, September 23rd. They issued a “buy” rating and a $24.00 target price for the company. Finally, Canaccord Genuity started coverage on shares of NexPoint Residential Trust in a research report on Tuesday, June 28th. They issued a “buy” rating and a $20.00 target price for the company.
In other NexPoint Residential Trust news, insider James D. Dondero purchased 7,600 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was acquired at an average cost of $19.74 per share, with a total value of $150,024.00. Following the acquisition, the insider now owns 5,051 shares of the company’s stock, valued at approximately $99,706.74. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward N. Constantino purchased 4,815 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was acquired at an average cost of $20.77 per share, with a total value of $100,007.55. Following the completion of the acquisition, the director now directly owns 12,175 shares in the company, valued at approximately $252,874.75. 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 purchased a new stake in shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 74,608 shares of the company’s stock, valued at approximately $1,358,000.
NexPoint Residential Trust (NASDAQ:NXRT) opened at 17.81 on Thursday. NexPoint Residential Trust has a 12-month low of $10.35 and a 12-month high of $21.47. The company’s 50-day moving average is $20.00 and its 200 day moving average is $17.15.
NexPoint Residential Trust (NASDAQ:NXRT) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $33.70 million for the quarter, compared to analysts’ expectations of $33.50 million. Equities analysts anticipate that NexPoint Residential Trust will post $1.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.206 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Tuesday, September 13th.
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.