NexPoint Residential Trust (NYSE:NXRT) Raised to “Hold” at Wall Street Zen

NexPoint Residential Trust (NYSE:NXRT) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other analysts also recently issued reports about the stock. Truist Financial cut their target price on shares of NexPoint Residential Trust from $42.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, May 29th. JMP Securities restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Citizens Jmp cut shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Compass Point restated a “neutral” rating and set a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Finally, Raymond James Financial cut shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.30.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT opened at $30.84 on Friday. The company’s fifty day moving average is $33.71 and its two-hundred day moving average is $36.59. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 4.22. NexPoint Residential Trust has a 12-month low of $29.98 and a 12-month high of $48.37. The company has a market cap of $782.10 million, a P/E ratio of -15.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.04.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. The firm had revenue of $63.10 million for the quarter, compared to analyst estimates of $63.32 million. Equities analysts expect that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the completion of the acquisition, the insider owned 24,689 shares of the company’s stock, valued at approximately $812,761.88. This trade represents a 25.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.36% of the company’s stock.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of large investors have recently bought and sold shares of NXRT. Farther Finance Advisors LLC boosted its holdings in NexPoint Residential Trust by 1,732.4% in the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 589 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in NexPoint Residential Trust in the fourth quarter worth $35,000. Ameritas Advisory Services LLC bought a new stake in NexPoint Residential Trust in the second quarter worth $47,000. New Age Alpha Advisors LLC bought a new stake in NexPoint Residential Trust in the first quarter worth $53,000. Finally, Quantbot Technologies LP bought a new stake in NexPoint Residential Trust during the first quarter valued at about $56,000. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.