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

NexPoint Residential Trust, Inc. (NYSE:NXRT) has received a consensus rating of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.8750.

A number of equities analysts have recently commented on NXRT shares. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Truist Financial reduced their price objective on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating on the stock in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Finally, Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th.

NexPoint Residential Trust Price Performance

NXRT stock opened at $30.49 on Tuesday. The company has a market cap of $773.23 million, a PE ratio of -15.56 and a beta of 1.08. NexPoint Residential Trust has a 12-month low of $29.98 and a 12-month high of $48.31. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. The stock has a 50-day moving average price of $32.45 and a two-hundred day moving average price of $33.76.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%.The firm had revenue of $63.10 million for the quarter, compared to analysts’ expectations of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, research analysts predict that NexPoint Residential Trust will post 2.86 EPS for the current year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 6.7%. NexPoint Residential Trust’s payout ratio is currently -104.08%.

Insiders Place Their Bets

In other news, Director Brian Mitts sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $30.92, for a total transaction of $154,600.00. Following the completion of the sale, the director directly owned 65,900 shares in the company, valued at $2,037,628. This trade represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of NexPoint Residential Trust by 1,732.4% in the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 589 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of NexPoint Residential Trust in the first quarter worth $53,000. Ameritas Advisory Services LLC acquired a new stake in NexPoint Residential Trust in the second quarter valued at $47,000. Quantbot Technologies LP acquired a new stake in NexPoint Residential Trust in the first quarter valued at $56,000. Finally, Vestcor Inc bought a new position in NexPoint Residential Trust during the 1st quarter valued at $102,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

About NexPoint Residential Trust

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.