NexPoint Residential Trust (NYSE:NXRT) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a sell rating to a hold rating in a report released on Friday.

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 4th. Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Saturday, September 27th. Finally, Truist Financial cut their target price on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Tuesday, August 12th. Six 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.com, the company presently has a consensus rating of “Reduce” and an average target price of $40.88.

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock opened at $31.64 on Friday. The business’s 50 day moving average price is $32.55 and its 200 day moving average price is $34.40. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market cap of $802.26 million, a price-to-earnings ratio of -16.14 and a beta of 1.08. NexPoint Residential Trust has a one year low of $29.98 and a one year high of $48.31.

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

NexPoint Residential Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Monday, September 15th. NexPoint Residential Trust’s payout ratio is presently -104.08%.

Insider Buying and Selling

In related news, Director Brian Mitts sold 5,000 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 65,900 shares of the company’s stock, valued at $2,037,628. The trade was a 7.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in NexPoint Residential Trust by 1,732.4% during the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 589 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in NexPoint Residential Trust during the 2nd quarter worth about $47,000. New Age Alpha Advisors LLC purchased a new stake in NexPoint Residential Trust during the 1st quarter worth about $53,000. Quantbot Technologies LP purchased a new stake in NexPoint Residential Trust during the 1st quarter worth about $56,000. Finally, Tower Research Capital LLC TRC lifted its holdings in 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 worth $88,000 after buying an additional 1,455 shares during the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

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.