NexPoint Residential Trust (NYSE:NXRT) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other analysts have also issued reports on NXRT. Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Truist Financial reduced their target price on shares of NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Raymond James Financial restated an “underperform” rating on shares of NexPoint Residential Trust in a research note on Friday. Finally, Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $39.88.

NexPoint Residential Trust Stock Down 1.8%

Shares of NXRT stock opened at $28.23 on Friday. NexPoint Residential Trust has a 12 month low of $27.69 and a 12 month high of $43.13. The company has a quick ratio of 1.49, a current ratio of 2.27 and a debt-to-equity ratio of 5.27. The firm has a market cap of $715.91 million, a PE ratio of -22.23 and a beta of 1.19. The stock has a 50 day moving average of $30.07 and a 200-day moving average of $31.07.

NexPoint Residential Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.5%. NexPoint Residential Trust’s dividend payout ratio is presently -166.93%.

Insider Activity at NexPoint Residential Trust

In other NexPoint Residential Trust news, Director Brian Mitts sold 24,296 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $28.85, for a total value of $700,939.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio grew its holdings in NexPoint Residential Trust by 202.8% during the 3rd quarter. Strs Ohio now owns 118,400 shares of the financial services provider’s stock worth $3,815,000 after acquiring an additional 79,300 shares during the last quarter. CSM Advisors LLC acquired a new position in shares of NexPoint Residential Trust during the second quarter worth approximately $4,937,000. Y Intercept Hong Kong Ltd acquired a new position in shares of NexPoint Residential Trust during the second quarter worth approximately $462,000. Teacher Retirement System of Texas grew its stake in shares of NexPoint Residential Trust by 18.0% during the second quarter. Teacher Retirement System of Texas now owns 48,139 shares of the financial services provider’s stock valued at $1,604,000 after purchasing an additional 7,349 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NexPoint Residential Trust in the second quarter valued at approximately $264,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

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.