NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Average Rating of “Reduce” by Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have earned a consensus recommendation of “Reduce” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $39.8750.

Several research analysts have issued reports on NXRT shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Thursday, January 22nd. Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Truist Financial lowered their price objective on NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th.

NexPoint Residential Trust Trading Up 0.7%

NexPoint Residential Trust stock opened at $29.76 on Monday. NexPoint Residential Trust has a 12 month low of $27.69 and a 12 month high of $43.13. The company has a market capitalization of $754.66 million, a price-to-earnings ratio of -15.50 and a beta of 1.19. The business’s fifty day simple moving average is $30.00 and its two-hundred day simple moving average is $31.19. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.55.

Insider Buying and Selling at NexPoint Residential Trust

In other news, Director Brian Mitts sold 24,296 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $28.85, for a total transaction of $700,939.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 15.36% of the stock is owned by corporate insiders.

Institutional Trading of NexPoint Residential Trust

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in NexPoint Residential Trust by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,436,034 shares of the financial services provider’s stock worth $73,325,000 after purchasing an additional 70,310 shares during the last quarter. State Street Corp lifted its stake in shares of NexPoint Residential Trust by 1.0% in the 4th quarter. State Street Corp now owns 1,298,438 shares of the financial services provider’s stock worth $39,083,000 after purchasing an additional 12,424 shares during the period. Long Pond Capital LP boosted its holdings in shares of NexPoint Residential Trust by 54.9% in the fourth quarter. Long Pond Capital LP now owns 842,870 shares of the financial services provider’s stock worth $25,370,000 after buying an additional 298,781 shares during the last quarter. Goldman Sachs Group Inc. grew its position in NexPoint Residential Trust by 49.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 827,052 shares of the financial services provider’s stock valued at $24,894,000 after buying an additional 272,391 shares during the period. Finally, Geode Capital Management LLC grew its position in NexPoint Residential Trust by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 584,131 shares of the financial services provider’s stock valued at $17,583,000 after buying an additional 9,114 shares during the period. Institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.