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

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been given an average recommendation of “Reduce” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $40.8750.

NXRT has been the subject of a number of research reports. Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Truist Financial decreased their target price on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a research report on Tuesday, August 12th. Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $31.51 on Friday. The firm has a market capitalization of $799.02 million, a price-to-earnings ratio of -16.41 and a beta of 1.09. The stock has a fifty day moving average of $31.89 and a 200 day moving average of $33.26. NexPoint Residential Trust has a 52 week low of $29.93 and a 52 week high of $48.31. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.55.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. The business had revenue of $62.83 million during the quarter, compared to analyst estimates of $63.04 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, research analysts expect that NexPoint Residential Trust will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Monday, December 15th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.51. NexPoint Residential Trust’s dividend payout ratio (DPR) is -106.25%.

Insider Transactions at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $30.52, for a total transaction of $152,600.00. Following the sale, the director owned 60,900 shares of the company’s stock, valued at $1,858,668. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 15.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Several large investors have recently made changes to their positions in NXRT. Geode Capital Management LLC grew its stake in shares of NexPoint Residential Trust by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 581,094 shares of the financial services provider’s stock worth $19,363,000 after buying an additional 2,277 shares during the last quarter. Northern Trust Corp grew its stake in shares of NexPoint Residential Trust by 4.6% in the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock worth $18,022,000 after acquiring an additional 19,927 shares during the last quarter. Invesco Ltd. grew its stake in shares of NexPoint Residential Trust by 17.3% in the second quarter. Invesco Ltd. now owns 387,299 shares of the financial services provider’s stock worth $12,905,000 after acquiring an additional 57,014 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NexPoint Residential Trust by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider’s stock valued at $14,266,000 after acquiring an additional 22,367 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of NexPoint Residential Trust by 15.6% in the 1st quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after purchasing an additional 44,391 shares during the last quarter. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.