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 provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price objective of $27.00 for the company and are forecasting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also assigned NexPoint Residential Trust an industry rank of 163 out of 265 based on the ratings given to related companies.

Several brokerages have weighed in on NXRT. Janney Montgomery Scott began coverage on NexPoint Residential Trust in a report on Friday. They set a “neutral” rating for the company. Zacks Investment Research cut NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of NexPoint Residential Trust in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity set a $28.00 price target on NexPoint Residential Trust and gave the company a “buy” rating in a research note on Tuesday, August 1st.

NexPoint Residential Trust (NASDAQ NXRT) opened at 23.69 on Friday. NexPoint Residential Trust has a one year low of $16.67 and a one year high of $26.10. The firm has a market capitalization of $498.51 million and a PE ratio of 45.04. The firm has a 50 day moving average of $23.96 and a 200 day moving average of $24.42.

NexPoint Residential Trust (NASDAQ:NXRT) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The firm had revenue of $35.23 million for the quarter, compared to the consensus estimate of $35.95 million. NexPoint Residential Trust had a return on equity of 14.15% and a net margin of 28.18%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. Equities analysts forecast that NexPoint Residential Trust will post ($0.13) EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.22 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.71%.

In related news, insider James D. Dondero purchased 12,600 shares of the stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $23.81 per share, with a total value of $300,006.00. Following the purchase, the insider now directly owns 5,202 shares in the company, valued at approximately $123,859.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James D. Dondero purchased 2,000 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $23.30 per share, with a total value of $46,600.00. Following the completion of the purchase, the insider now owns 30,725 shares in the company, valued at $715,892.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 56,500 shares of company stock valued at $1,363,938.

A number of hedge funds and other institutional investors have recently bought and sold shares of NXRT. Numeric Investors LLC increased its stake in NexPoint Residential Trust by 61.0% during the 2nd quarter. Numeric Investors LLC now owns 547,597 shares of the company’s stock worth $13,630,000 after purchasing an additional 207,460 shares in the last quarter. Lyon Street Capital LLC bought a new stake in NexPoint Residential Trust during the 1st quarter worth approximately $4,855,000. Renaissance Technologies LLC increased its stake in NexPoint Residential Trust by 30.6% during the 1st quarter. Renaissance Technologies LLC now owns 651,100 shares of the company’s stock worth $15,731,000 after purchasing an additional 152,600 shares in the last quarter. Vanguard Group Inc. increased its stake in NexPoint Residential Trust by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 2,015,961 shares of the company’s stock worth $48,706,000 after purchasing an additional 134,077 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in NexPoint Residential Trust by 44.7% during the 2nd quarter. Principal Financial Group Inc. now owns 300,434 shares of the company’s stock worth $7,478,000 after purchasing an additional 92,818 shares in the last quarter.

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About NexPoint Residential Trust

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

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