NexPoint Residential Trust, Inc. (NYSE:NXRT) Stock Rated “Reduce” by Wall Street Brokerages

NexPoint Residential Trust, Inc. (NYSE:NXRT) has received a consensus rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $20.50.

NXRT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on shares of NexPoint Residential Trust in a report on Wednesday, September 9th. Citizens Jmp reiterated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Zacks Research cut NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Truist Financial decreased their target price on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th.

Insider Buying and Selling

In other NexPoint Residential Trust news, insider Matt Mcgraner purchased 5,500 shares of the stock in a transaction dated Monday, October 5th. The stock was purchased at an average price of $18.42 per share, with a total value of $101,310.00. Following the transaction, the insider owned 361,605 shares of the company’s stock, valued at approximately $6,660,764.10. This trade represents a 1.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.63% of the company’s stock.

Institutional Trading of NexPoint Residential Trust

A number of hedge funds have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of NexPoint Residential Trust by 10.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 40,800 shares of the financial services provider’s stock valued at $796,000 after acquiring an additional 3,800 shares in the last quarter. Signaturefd LLC grew its position in NexPoint Residential Trust by 183.0% during the 3rd quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 2,235 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of NexPoint Residential Trust by 52.2% during the third quarter. Evergreen Capital Management LLC now owns 13,837 shares of the financial services provider’s stock worth $270,000 after buying an additional 4,744 shares during the period. Inspire Investing LLC lifted its stake in shares of NexPoint Residential Trust by 32.7% during the third quarter. Inspire Investing LLC now owns 32,387 shares of the financial services provider’s stock worth $632,000 after buying an additional 7,988 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of NexPoint Residential Trust by 456.9% during the third quarter. Nisa Investment Advisors LLC now owns 4,121 shares of the financial services provider’s stock valued at $80,000 after buying an additional 3,381 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

NXRT stock opened at $18.02 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 6.41. The business’s fifty day simple moving average is $20.78 and its two-hundred day simple moving average is $25.94. NexPoint Residential Trust has a twelve month low of $17.62 and a twelve month high of $32.36. The firm has a market cap of $460.41 million, a price-to-earnings ratio of 6.34, a PEG ratio of 0.32 and a beta of 1.18.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.03. The firm had revenue of $64.61 million during the quarter, compared to analyst estimates of $63.78 million. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. Analysts predict that NexPoint Residential Trust will post 2.23 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 11.8%. The ex-dividend date is Tuesday, December 15th. NexPoint Residential Trust’s dividend payout ratio is presently -159.40%.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.