NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Average Recommendation of “Reduce” from Brokerages

NexPoint Residential Trust, Inc. (NYSE:NXRT) has earned an average recommendation of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $20.50.

A number of research firms have issued reports on NXRT. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Citizens Jmp reiterated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of NexPoint Residential Trust in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $23.00 target price on NexPoint Residential Trust in a research report on Wednesday, September 9th.

Insider Activity

In other NexPoint Residential Trust news, insider Matt Mcgraner acquired 5,500 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were acquired at an average price of $18.42 per share, with a total value of $101,310.00. Following the completion of the transaction, the insider directly owned 361,605 shares in the company, valued at $6,660,764.10. This trade represents a 1.54% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in NexPoint Residential Trust during the 2nd quarter worth about $33,000. Ameritas Advisory Services LLC bought a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at about $39,000. PNC Financial Services Group Inc. grew its holdings in shares of NexPoint Residential Trust by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 397 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of NexPoint Residential Trust in the second quarter valued at about $51,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of NexPoint Residential Trust in the fourth quarter valued at about $96,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $18.69 on Tuesday. The firm has a market cap of $477.43 million, a P/E ratio of -14.05, a PEG ratio of 0.48 and a beta of 1.18. NexPoint Residential Trust has a twelve month low of $18.14 and a twelve month high of $32.36. 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 moving average price is $23.18 and its two-hundred day moving average price is $25.89.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.03. The company had revenue of $64.61 million during the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, analysts forecast that NexPoint Residential Trust will post 2.24 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Tuesday, September 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -159.40%.

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.