NexPoint Residential Trust (NYSE:NXRT) Stock Gets Downgrade from Zacks Research

NexPoint Residential Trust (NYSE:NXRT) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, Zacks reports.

Several other analysts have also commented on NXRT. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Truist Financial dropped their price objective on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, September 29th. Citizens Jmp reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Weiss Ratings cut NexPoint Residential Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $20.50.

NexPoint Residential Trust Price Performance

Shares of NexPoint Residential Trust stock opened at $18.31 on Tuesday. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92. The firm’s 50-day simple moving average is $22.25 and its 200-day simple moving average is $25.61. NexPoint Residential Trust has a twelve month low of $18.14 and a twelve month high of $32.36. The firm has a market cap of $467.90 million, a P/E ratio of -13.77, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.03. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. The business had revenue of $64.61 million for the quarter, compared to analysts’ expectations of $63.78 million. 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 will post 2.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other NexPoint Residential Trust news, insider Matt Mcgraner acquired 5,500 shares of the business’s stock in a transaction on Monday, October 5th. The stock was purchased at an average price of $18.42 per share, for a total transaction of $101,310.00. Following the transaction, the insider owned 361,605 shares in the company, valued at $6,660,764.10. This trade represents a 1.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.63% of the stock is owned by corporate insiders.

Institutional Trading of NexPoint Residential Trust

Several large investors have recently made changes to their positions in NXRT. Sequoia Financial Advisors LLC acquired a new position in shares of NexPoint Residential Trust during the second quarter worth approximately $320,000. Integrated Wealth Concepts LLC bought a new stake in shares of NexPoint Residential Trust during the second quarter valued at approximately $51,000. Squarepoint Ops LLC acquired a new stake in shares of NexPoint Residential Trust in the second quarter valued at approximately $330,000. Allworth Financial LP increased its holdings in shares of NexPoint Residential Trust by 95.0% in the second quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 571 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of NexPoint Residential Trust by 9.0% in the second quarter. HighTower Advisors LLC now owns 24,938 shares of the financial services provider’s stock valued at $696,000 after purchasing an additional 2,052 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc (NYSE:NXRT) is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.

NexPoint Residential Trust’s portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.