NexPoint Residential Trust (NYSE:NXRT) Stock Rating Upgraded by Zacks Research

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

A number of other brokerages also recently commented on NXRT. Deutsche Bank Aktiengesellschaft set a $18.00 price objective on NexPoint Residential Trust in a research report on Monday, July 20th. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Truist Financial cut their target price on NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Tuesday, June 30th. Finally, Weiss Ratings upgraded NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.00.

NexPoint Residential Trust Trading Up 2.6%

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

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL raised its position in NexPoint Residential Trust by 63.0% in the third quarter. Tudor Investment Corp ET AL now owns 129,137 shares of the financial services provider’s stock valued at $4,161,000 after purchasing an additional 49,902 shares during the period. UBS Group AG increased its position in shares of NexPoint Residential Trust by 44.7% during the 4th quarter. UBS Group AG now owns 115,555 shares of the financial services provider’s stock worth $3,478,000 after purchasing an additional 35,683 shares during the last quarter. Vanguard Group Inc. raised its holdings in NexPoint Residential Trust by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,436,034 shares of the financial services provider’s stock valued at $73,325,000 after buying an additional 70,310 shares during the period. Marnell Management LLC acquired a new position in NexPoint Residential Trust in the fourth quarter valued at about $5,220,000. Finally, Strs Ohio boosted its stake in NexPoint Residential Trust by 24.1% during the fourth quarter. Strs Ohio now owns 146,900 shares of the financial services provider’s stock worth $4,422,000 after buying an additional 28,500 shares during the period. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.