NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives $39.88 Consensus PT from Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have earned a consensus recommendation of “Reduce” from the seven research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $39.8750.

Several brokerages have weighed in on NXRT. Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Thursday, January 22nd. Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Truist Financial reduced their price objective on shares of NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th.

NexPoint Residential Trust Trading Down 0.9%

NXRT opened at $29.96 on Monday. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.49 and a quick ratio of 1.49. The company’s 50 day simple moving average is $30.02 and its two-hundred day simple moving average is $31.17. The firm has a market capitalization of $759.68 million, a price-to-earnings ratio of -15.60 and a beta of 1.19. NexPoint Residential Trust has a 1-year low of $27.69 and a 1-year high of $43.13.

Insider Activity

In other news, Director Brian Mitts sold 24,296 shares of the stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $28.85, for a total value of $700,939.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.36% of the company’s stock.

Institutional Trading of NexPoint Residential Trust

A number of large investors have recently made changes to their positions in NXRT. Federation des caisses Desjardins du Quebec raised its position in 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 worth $54,000 after buying an additional 386 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in NexPoint Residential Trust by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 402 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in NexPoint Residential Trust by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 53,707 shares of the financial services provider’s stock valued at $1,617,000 after purchasing an additional 421 shares during the period. Capital Square LLC boosted its holdings in NexPoint Residential Trust by 2.8% in the 2nd quarter. Capital Square LLC now owns 15,831 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 429 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in NexPoint Residential Trust by 3.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 488 shares during the period. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Company Profile

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.