NexPoint Residential Trust (NYSE:NXRT) Upgraded by Zacks Research to Strong-Buy Rating

NexPoint Residential Trust (NYSE:NXRT) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of NexPoint Residential Trust in a research note on Monday, July 20th. Truist Financial reduced their target price on NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating for the company in a report on Tuesday, June 30th. Finally, Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, NexPoint Residential Trust currently has a consensus rating of “Hold” and a consensus price target of $22.00.

NexPoint Residential Trust Price Performance

NYSE NXRT opened at $27.00 on Monday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 5.75. NexPoint Residential Trust has a 1 year low of $23.79 and a 1 year high of $34.87. The company has a market cap of $688.13 million, a PE ratio of -21.26 and a beta of 1.18. The stock’s 50-day moving average price is $27.95 and its two-hundred day moving average price is $28.06.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, April 28th. The financial services provider reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.10. The company had revenue of $63.54 million during the quarter, compared to analysts’ expectations of $63.20 million. NexPoint Residential Trust had a negative net margin of 12.67% and a negative return on equity of 10.30%. On average, analysts predict that NexPoint Residential Trust will post 2.36 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NXRT. PNC Financial Services Group Inc. lifted its position in NexPoint Residential Trust by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock worth $43,000 after buying an additional 397 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in shares of NexPoint Residential Trust by 27.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 386 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of NexPoint Residential Trust by 121.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 1,455 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of NexPoint Residential Trust during the first quarter worth $90,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in NexPoint Residential Trust during the fourth quarter valued at $96,000. 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.