NexPoint Residential Trust (NYSE:NXRT) Downgraded to “Strong Sell” Rating by Zacks Research

NexPoint Residential Trust (NYSE:NXRT) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. Truist Financial reduced their price target on shares of NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, November 17th. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $40.13.

NexPoint Residential Trust Trading Up 3.3%

Shares of NYSE:NXRT opened at $31.58 on Thursday. The business’s 50 day moving average price is $31.45 and its 200-day moving average price is $32.96. NexPoint Residential Trust has a 1 year low of $29.93 and a 1 year high of $48.31. The firm has a market capitalization of $800.79 million, a price-to-earnings ratio of -16.45 and a beta of 1.09. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.49 and a quick ratio of 1.49.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results 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. The company had revenue of $62.83 million during the quarter, compared to analyst estimates of $63.04 million. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. On average, equities research analysts forecast that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NexPoint Residential Trust news, Director Brian Mitts sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $30.52, for a total value of $152,600.00. Following the transaction, the director directly owned 60,900 shares of the company’s stock, valued at $1,858,668. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 15.36% of the company’s stock.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of large investors have recently made changes to their positions in NXRT. The Manufacturers Life Insurance Company lifted its position in NexPoint Residential Trust by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock worth $285,000 after buying an additional 402 shares in the last quarter. Capital Square LLC increased its stake in shares of NexPoint Residential Trust by 2.8% in the 2nd quarter. Capital Square LLC now owns 15,831 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 429 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of NexPoint Residential Trust by 3.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 488 shares during the period. Van ECK Associates Corp boosted its position in shares of NexPoint Residential Trust by 10.8% during the 3rd quarter. Van ECK Associates Corp now owns 5,472 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 535 shares during the last quarter. Finally, Aberdeen Group plc boosted its position in shares of NexPoint Residential Trust by 9.4% during the 2nd quarter. Aberdeen Group plc now owns 6,639 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 571 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.