NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Average Rating of “Reduce” from Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have earned a consensus recommendation of “Reduce” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $39.8750.

NXRT has been the topic of several research reports. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Truist Financial reduced their target price on shares of NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Thursday.

NexPoint Residential Trust Price Performance

Shares of NexPoint Residential Trust stock opened at $30.20 on Thursday. The firm has a market cap of $765.87 million, a PE ratio of -15.73 and a beta of 1.19. The stock has a 50 day moving average of $30.25 and a 200 day moving average of $31.55. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.55. NexPoint Residential Trust has a 12 month low of $27.69 and a 12 month high of $43.13.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $62.83 million for the quarter, compared to analysts’ expectations of $63.04 million. NexPoint Residential Trust had a negative return on equity of 13.32% and a negative net margin of 19.23%. On average, research analysts expect that NexPoint Residential Trust will post 2.86 EPS for the current fiscal year.

Insider Activity at NexPoint Residential Trust

In other news, Director Brian Mitts sold 24,296 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $28.85, for a total transaction of $700,939.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 37,748 shares of company stock valued at $1,090,618. 15.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Brookwood Investment Group LLC increased its position in NexPoint Residential Trust by 15.9% during the fourth quarter. Brookwood Investment Group LLC now owns 11,220 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 1,537 shares during the last quarter. Aberdeen Group plc lifted its holdings in shares of NexPoint Residential Trust by 6.5% in the 4th quarter. Aberdeen Group plc now owns 8,055 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 493 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NexPoint Residential Trust by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 90,557 shares of the financial services provider’s stock worth $2,918,000 after purchasing an additional 11,493 shares during the period. Tudor Investment Corp ET AL grew its holdings in NexPoint Residential Trust by 63.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 129,137 shares of the financial services provider’s stock valued at $4,161,000 after purchasing an additional 49,902 shares during the last quarter. Finally, Graybill Wealth Management LTD. raised its position in NexPoint Residential Trust by 3.3% in the 3rd quarter. Graybill Wealth Management LTD. now owns 74,538 shares of the financial services provider’s stock worth $2,402,000 after purchasing an additional 2,374 shares during the period. 76.61% of the stock is owned by hedge funds and other 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.