NexPoint Residential Trust (NYSE:NXRT) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a sell rating to a hold rating in a research note published on Saturday morning.

NXRT has been the subject of a number of other research reports. JMP Securities restated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Citizens Jmp cut shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Raymond James Financial cut shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Truist Financial dropped their price target on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a research report on Tuesday, August 12th. Finally, Compass Point reiterated a “neutral” rating and issued a $42.50 price target (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.50.

NexPoint Residential Trust Trading Up 3.9%

Shares of NexPoint Residential Trust stock opened at $33.5140 on Friday. The firm has a market cap of $849.92 million, a price-to-earnings ratio of -17.10, a PEG ratio of 2.01 and a beta of 1.04. The business has a 50-day moving average price of $32.96 and a 200-day moving average price of $35.83. 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 twelve month low of $29.98 and a twelve month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The firm had revenue of $63.10 million for the quarter, compared to analysts’ expectations of $63.32 million. NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Equities research analysts anticipate that NexPoint Residential Trust will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 6.1%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -104.08%.

Insider Activity at NexPoint Residential Trust

In other news, insider Paul Richards purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of $32.92 per share, with a total value of $164,600.00. Following the purchase, the insider owned 24,689 shares in the company, valued at approximately $812,761.88. This trade represents a 25.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 15.36% of the company’s stock.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of large investors have recently made changes to their positions in NXRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NexPoint Residential Trust by 2.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 266 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of NexPoint Residential Trust by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 402 shares during the last quarter. Capital Square LLC raised its position in shares of NexPoint Residential Trust by 2.8% in the 2nd quarter. Capital Square LLC now owns 15,831 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 429 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of NexPoint Residential Trust by 3.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 488 shares during the last quarter. Finally, Aberdeen Group plc raised its stake in shares of NexPoint Residential Trust by 9.4% in the second quarter. Aberdeen Group plc now owns 6,639 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 571 shares during the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

About NexPoint Residential Trust

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.