NexPoint Residential Trust (NYSE:NXRT) Shares Cross Above 50-Day Moving Average – Here’s Why

NexPoint Residential Trust, Inc. (NYSE:NXRT) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $30.12 and traded as high as $30.78. NexPoint Residential Trust shares last traded at $29.93, with a volume of 152,523 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NXRT shares. Truist Financial reduced their target price on NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NexPoint Residential Trust has an average rating of “Reduce” and a consensus price target of $39.88.

NexPoint Residential Trust Stock Performance

The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $759.02 million, a P/E ratio of -15.59 and a beta of 1.19. The company’s 50 day moving average is $30.12 and its 200 day moving average is $31.38.

Insider Activity at NexPoint Residential Trust

In related news, Director Brian Mitts sold 24,296 shares of the firm’s stock in a transaction 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 the SEC website. Insiders own 15.36% of the company’s stock.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of institutional investors and hedge funds have recently bought and sold shares of NXRT. The Manufacturers Life Insurance Company raised its position in NexPoint Residential Trust by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 402 shares during the last quarter. Capital Square LLC increased its stake in shares of NexPoint Residential Trust by 2.8% in the second quarter. Capital Square LLC now owns 15,831 shares of the financial services provider’s stock valued at $540,000 after buying an additional 429 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of NexPoint Residential Trust by 3.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider’s stock valued at $441,000 after buying an additional 488 shares during the period. Aberdeen Group plc raised its holdings in 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 valued at $242,000 after buying an additional 493 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in 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 worth $176,000 after buying an additional 535 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

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.