NexPoint Residential Trust (NYSE:NXRT) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

NXRT has been the subject of several other reports. Deutsche Bank Aktiengesellschaft set a $18.00 price objective on shares of NexPoint Residential Trust in a research note on Monday, July 20th. Truist Financial lowered their price target on NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating for the company in a report on Tuesday, June 30th. Weiss Ratings upgraded NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.00.

NexPoint Residential Trust Stock Performance

Shares of NYSE:NXRT opened at $27.00 on Monday. The firm has a market capitalization of $688.13 million, a PE ratio of -21.26 and a beta of 1.18. The company has a debt-to-equity ratio of 5.75, a current ratio of 2.40 and a quick ratio of 2.40. The business has a 50-day moving average of $27.95 and a two-hundred day moving average of $28.06. NexPoint Residential Trust has a 12 month low of $23.79 and a 12 month high of $34.87.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.10. The business had revenue of $63.54 million for the quarter, compared to analyst estimates of $63.20 million. NexPoint Residential Trust had a negative return on equity of 10.30% and a negative net margin of 12.67%. As a group, research analysts forecast that NexPoint Residential Trust will post 2.36 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Tuesday, September 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -166.93%.

Hedge Funds Weigh In On NexPoint Residential Trust

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in NexPoint Residential Trust by 29.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock worth $43,000 after buying an additional 397 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of NexPoint Residential Trust by 27.4% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 386 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of NexPoint Residential Trust by 121.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock valued at $88,000 after buying an additional 1,455 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in NexPoint Residential Trust in the 1st quarter valued at approximately $90,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in NexPoint Residential Trust during the 4th quarter valued at $96,000. 76.61% of the stock is owned by institutional investors.

About NexPoint Residential Trust

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.