Truist Financial Has Lowered Expectations for NexPoint Residential Trust (NYSE:NXRT) Stock Price

NexPoint Residential Trust (NYSE:NXRT) had its price target decreased by stock analysts at Truist Financial from $34.00 to $31.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price objective points to a potential upside of 0.62% from the stock’s previous close.

Several other equities research analysts also recently weighed in on NXRT. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Wednesday, October 8th. Finally, Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust presently has a consensus rating of “Reduce” and a consensus price target of $40.13.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $30.81 on Monday. The company’s 50 day simple moving average is $31.63 and its 200-day simple moving average is $33.04. The firm has a market cap of $781.34 million, a PE ratio of -16.05 and a beta of 1.09. NexPoint Residential Trust has a 12-month low of $29.93 and a 12-month high of $48.31. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.55.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. The firm had revenue of $62.83 million during the quarter, compared to the consensus estimate of $63.04 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, equities analysts predict that NexPoint Residential Trust will post 2.86 EPS for the current year.

Insider Transactions at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $30.52, for a total value of $152,600.00. Following the completion of the sale, the director owned 60,900 shares in the company, valued at $1,858,668. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of large investors have recently modified their holdings of NXRT. Northern Trust Corp increased its stake in NexPoint Residential Trust by 4.6% in the 1st quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock valued at $18,022,000 after purchasing an additional 19,927 shares in the last quarter. Invesco Ltd. boosted its position in NexPoint Residential Trust by 63.9% during the first quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock worth $13,056,000 after purchasing an additional 128,745 shares in the last quarter. Virtus Advisers LLC acquired a new stake in NexPoint Residential Trust in the first quarter valued at $415,000. Hsbc Holdings PLC grew its holdings in NexPoint Residential Trust by 26.5% in the first quarter. Hsbc Holdings PLC now owns 43,458 shares of the financial services provider’s stock valued at $1,714,000 after purchasing an additional 9,091 shares during the last quarter. Finally, Strs Ohio increased its position in shares of NexPoint Residential Trust by 877.5% in the second quarter. Strs Ohio now owns 39,100 shares of the financial services provider’s stock valued at $1,303,000 after buying an additional 35,100 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other 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.