According to Zacks, “NexPoint Residential Trust, Inc. is engaged in acquiring, owning, operating and selectively developing multifamily properties. It operates primarily in the Southeastern United States and Texas. NexPoint Residential Trust, Inc. is based in Dallas, United States. “
Other analysts have also recently issued reports about the company. Canaccord Genuity began 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. DA Davidson reiterated a buy rating and issued a $23.00 price objective on shares of NexPoint Residential Trust in a research note on Monday, August 15th. Finally, Compass Point began coverage on NexPoint Residential Trust in a research note on Friday, September 23rd. They issued a buy rating and a $24.00 price objective on the stock.
Shares of NexPoint Residential Trust (NASDAQ:NXRT) traded up 0.87% during mid-day trading on Wednesday, reaching $18.59. The company’s stock had a trading volume of 6,446 shares. The company’s 50-day moving average is $19.61 and its 200-day moving average is $17.31. NexPoint Residential Trust has a 52 week low of $10.35 and a 52 week high of $21.47.
NexPoint Residential Trust (NASDAQ:NXRT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company earned $33.70 million during the quarter, compared to analyst estimates of $33.50 million. On average, equities analysts forecast that NexPoint Residential Trust will post $1.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.206 dividend. This represents a $0.82 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Tuesday, September 13th.
In other NexPoint Residential Trust news, insider James D. Dondero bought 7,800 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were purchased at an average price of $19.25 per share, with a total value of $150,150.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward N. Constantino bought 4,815 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average cost of $20.77 per share, for a total transaction of $100,007.55. Following the acquisition, the director now directly owns 12,175 shares of the company’s stock, valued at $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 acquired a new stake in NexPoint Residential Trust Inc (NASDAQ:NXRT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 74,608 shares of the company’s stock, valued at approximately $1,358,000.
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.
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