NexPoint Residential Trust (NYSE:NXRT) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $22.38 and traded as low as $19.03. NexPoint Residential Trust shares last traded at $19.27, with a volume of 536,354 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citizens Jmp restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Truist Financial lowered their price target on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings cut shares of NexPoint Residential Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Finally, Zacks Research downgraded NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, NexPoint Residential Trust has a consensus rating of “Reduce” and an average target price of $20.50.

NexPoint Residential Trust Stock Performance

The business’s fifty day moving average price is $22.38 and its 200-day moving average price is $25.66. The stock has a market cap of $492.35 million, a PE ratio of -14.49, a P/E/G ratio of 0.50 and a beta of 1.18. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.03. The firm had revenue of $64.61 million during the quarter, compared to analysts’ expectations 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. As a group, equities research analysts forecast that NexPoint Residential Trust, Inc. will post 2.24 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.53 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 11.0%. NexPoint Residential Trust’s payout ratio is currently -159.40%.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Matt Mcgraner purchased 5,500 shares of the stock in a transaction dated Monday, October 5th. The shares were purchased at an average cost of $18.42 per share, with a total value of $101,310.00. Following the acquisition, the insider directly owned 361,605 shares of the company’s stock, valued at $6,660,764.10. This represents a 1.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.63% of the stock is owned by insiders.

Institutional Trading of NexPoint Residential Trust

Several large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in NexPoint Residential Trust in the second quarter valued at about $118,748,000. Flax Pond Capital LLC bought a new stake in shares of NexPoint Residential Trust during the 1st quarter valued at about $4,047,000. Bank of New York Mellon Corp bought a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at about $4,002,000. Principal Financial Group Inc. increased its position in shares of NexPoint Residential Trust by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 106,249 shares of the financial services provider’s stock valued at $2,656,000 after purchasing an additional 2,146 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of NexPoint Residential Trust by 40.0% during the 4th quarter. Hsbc Holdings PLC now owns 76,951 shares of the financial services provider’s stock valued at $2,318,000 after purchasing an additional 21,981 shares during 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.