NexPoint Residential Trust (NYSE:NXRT) Sets New 12-Month Low – Here’s Why

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s share price hit a new 52-week low during trading on Monday. The company traded as low as $19.41 and last traded at $19.5950, with a volume of 9253 shares trading hands. The stock had previously closed at $19.64.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NXRT shares. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on NexPoint Residential Trust in a research note on Wednesday, September 9th. Zacks Research downgraded NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Truist Financial lowered their target price on NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating on the stock in a research report on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of NexPoint Residential Trust in a report on Friday, July 31st. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $24.50.

NexPoint Residential Trust Trading Down 0.8%

The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 6.41. The firm’s 50-day moving average price is $24.02 and its 200 day moving average price is $26.18. The company has a market capitalization of $497.59 million, a P/E ratio of -14.65, a P/E/G ratio of 0.50 and a beta of 1.15.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. The company had revenue of $64.61 million for the quarter, compared to analyst estimates of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. As a group, equities research analysts predict that NexPoint Residential Trust, Inc. will post 2.25 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 10.9%. NexPoint Residential Trust’s dividend payout ratio is -159.40%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NXRT. Allworth Financial LP purchased a new stake in NexPoint Residential Trust in the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC bought a new position in NexPoint Residential Trust during the 2nd quarter valued at $39,000. PNC Financial Services Group Inc. boosted its holdings in NexPoint Residential Trust by 29.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 397 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in NexPoint Residential Trust during the 2nd quarter worth $51,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of NexPoint Residential Trust in the 4th quarter worth $96,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc is a real estate investment trust (REIT) that owns and operates multifamily apartment communities in the United States. The company focuses primarily on workforce housing and value-add properties, seeking to improve communities through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio has historically been concentrated in the Sun Belt, including markets across the southeastern and southwestern United States.