NexPoint Residential Trust (NYSE:NXRT) Sets New 1-Year Low – What’s Next?

NexPoint Residential Trust, Inc. (NYSE:NXRT) reached a new 52-week low during trading on Tuesday . The company traded as low as $22.10 and last traded at $22.1360, with a volume of 21879 shares changing hands. The stock had previously closed at $22.87.

Analysts Set New Price Targets

Several analysts recently weighed in on NXRT shares. Deutsche Bank Aktiengesellschaft set a $23.00 target price on shares of NexPoint Residential Trust in a report on Wednesday, September 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NexPoint Residential Trust in a research note on Friday, July 31st. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Truist Financial lowered 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, Citizens Jmp reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $24.50.

NexPoint Residential Trust Trading Down 3.1%

The company’s 50 day simple moving average is $24.91 and its 200 day simple moving average is $26.52. The company has a debt-to-equity ratio of 6.41, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $545.44 million, a price-to-earnings ratio of -16.05, a P/E/G ratio of 0.57 and a beta of 1.15.

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

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 9.9%. NexPoint Residential Trust’s dividend payout ratio is currently -159.40%.

Institutional Investors Weigh In On NexPoint Residential Trust

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in NexPoint Residential Trust during the second quarter worth approximately $118,748,000. Marnell Management LLC acquired a new position in NexPoint Residential Trust in the fourth quarter valued at approximately $5,220,000. Flax Pond Capital LLC acquired a new position in NexPoint Residential Trust in the first quarter valued at approximately $4,047,000. Bank of New York Mellon Corp purchased a new position in NexPoint Residential Trust in the second quarter valued at approximately $4,002,000. Finally, Paralel Advisors LLC acquired a new stake in NexPoint Residential Trust during the second quarter worth approximately $2,013,000. 76.61% of the stock is owned by hedge funds and other institutional investors.

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.