NexPoint Residential Trust (NYSE:NXRT) Stock Breaks Below Fifty Day Moving Average Following Analyst Downgrade

NexPoint Residential Trust, Inc. (NYSE:NXRT) shares passed below its 50-day moving average during trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock has a 50-day moving average of $22.38 and traded as low as $19.03. NexPoint Residential Trust shares last traded at $19.27, with a volume of 536,354 shares changing hands.

Other research analysts also recently issued research reports about the company. Truist Financial cut their price target on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, September 29th. Weiss Ratings cut NexPoint Residential Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on NexPoint Residential Trust in a report on Wednesday, September 9th. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Finally, Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $20.50.

Insiders Place Their Bets

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

Institutional Investors Weigh In On NexPoint Residential Trust

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in NexPoint Residential Trust in the 2nd quarter valued at $118,748,000. Flax Pond Capital LLC acquired a new position in NexPoint Residential Trust in the 1st quarter worth $4,047,000. Bank of New York Mellon Corp bought a new position in NexPoint Residential Trust during the 2nd quarter worth about $4,002,000. Principal Financial Group Inc. increased its holdings in NexPoint Residential Trust by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 106,249 shares of the financial services provider’s stock worth $2,656,000 after purchasing an additional 2,146 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of NexPoint Residential Trust by 1.7% in the 1st quarter. Bank of America Corp DE now owns 80,206 shares of the financial services provider’s stock valued at $2,005,000 after purchasing an additional 1,346 shares during the period. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Price Performance

The company has a 50 day simple moving average of $22.13 and a 200-day simple moving average of $25.56. The stock has a market cap of $475.89 million, a price-to-earnings ratio of 6.33, a P/E/G ratio of 0.47 and a beta of 1.18. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 6.41.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.03. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%. The company had revenue of $64.61 million during the quarter, compared to analysts’ expectations of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. Research analysts expect that NexPoint Residential Trust, Inc. will post 2.24 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 11.4%. The ex-dividend date of this dividend was Tuesday, September 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -159.40%.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc (NYSE:NXRT) is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.

NexPoint Residential Trust’s portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.