According to Bloomberg, the ten rating agencies that cover the stock have provided NexPoint Residential Trust, INC (NYSE: NXRT) with an average recommendation of “Hold,” which indicates that investors should maintain their current holdings of the company’s shares.
There has been one recommendation from a financial expert to sell the stock, four suggestions that investors should keep their current position, and two suggestions that investors should buy the company.
The target price of $60 per share provided by analysts who have covered the stock in the preceding year is the consensus 12-month target price that analysts have provided.
Several institutional investors and hedge funds have participated in transactions involving buying and selling NXRT shares over the most recent few months.
The investment portfolio managed by Cambridge Investment Research Advisors INC was expanded by 7.4% to include more NexPoint Residential Trusts during the first three months of 2018.
The company that provides financial services now has a total holding of 4,617 shares, valued at $417,000, thanks to acquiring an additional 320 shares during the most recent quarter. Cambridge Investment Research Advisors INC During the first three months of 2018, HighTower Advisors LLC made an investment in NexPoint Residential Trust worth 542,000 dollars.
During the first three months of the year, Acadian Asset Management LLC contributed to NexPoint Residential Trust for 117 thousand dollars.
During the first three months of 2018, MetLife Investment Management LLC added 51.7% more shares to its holdings in NexPoint Residential Trust.
MetLife Investment Management LLC now has 11,855 shares of the financial services provider’s stock following the acquisition of 4,041 additional shares during the most recent fiscal quarter.
There is a value of $1,071,000 attached to these shares.
Last but not least, during the first three months of the year, Panagora Asset Management INC invested $335,000 in NexPoint Residential Trust to acquire a new position. Seventy-seven point two percent of the total number of shares outstanding in the company are held by institutional investors and hedge funds.
Many research analyst reports have been written with NXRT as their primary focus, and these reports have been written.
The stock was given a “sell” rating by StockNews.com, an investment website, in a NexPoint Residential Trust research report published on Monday, February 13.
The report was published on the investment website.
TheStreet lowered their rating of NexPoint Residential Trust from a “c” to a “d+” in a research note published on February 21.
The rating that Credit Suisse Group has given the shares of NexPoint Residential Trust has been changed from “outperform” to “neutral,” and the price objective they have set for the stock has been reduced from $49.00 to $47.00. On Monday, January 9, an analysis note was published and made available to the public.
In a research note published on Tuesday, November 29, Truist Financial gave the company a rating of “hold,” The company also lowered its target price on NexPoint Residential Trust shares from $66.00 to $49.00.
Both of these moves were made in conjunction with the release of the research note.
In addition to this, the company decreased the price target it had set for NexPoint Residential Trust shares.
When trading started on Thursday, the price of a share of NXRT was $44.22 per share.
The current ratio, the quick ratio, and the debt-to-equity ratio all come in at the same value of 2.51, while the debt-to-equity ratio is 3.21.
The moving averages for the past 50 days at this company come in at $47.26, and the moving average for the past 200 days is $46.67.
The stock has a price-to-earnings ratio of -126.34, a price-to-growth ratio of 1.68, and a beta of 1.08.
The market value of the company’s shares is currently $1.13 billion.
The price of NexPoint Residential Trust hit a 52-week low of $38.67, while the investment hit a 52-week high of $95.04 during the same period.
The corporation has also not too long ago announced the distribution of a quarterly dividend scheduled for the following Friday, March 31. On March 15, shareholders will be eligible to receive a dividend payment equal to $0.42 per share.
This entitlement will take effect immediately.
This equates to a dividend payment of $1.68 annually and a yield of 3.8 percent annually.
The day shareholders are no longer entitled to receive dividend payments is Tuesday, March 14.
The dividend payout ratio (DPR) for NexPoint Residential Trust is currently at a negative value of -479.99% as of the date and time of this writing.
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In addition, it strongly emphasizes providing improved living quarters and lifestyle facilities to renters across the state of Texas and the Southeast United States who have low or moderate incomes.
This is done to improve the quality of life for these individuals.
The date of the company’s founding was September 19, 2014, and the city of Dallas, Texas, serves as the location of its primary operations.