NexPoint Residential Trust (NYSE:NXRT) Downgraded by Wall Street Zen to “Sell”

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

Several other equities research analysts also recently issued reports on the company. Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Thursday, January 22nd. Finally, Truist Financial dropped their price target on shares of 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. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $39.88.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $28.23 on Friday. The firm has a market capitalization of $715.91 million, a P/E ratio of -22.23 and a beta of 1.19. NexPoint Residential Trust has a 52 week low of $27.69 and a 52 week high of $43.13. The stock has a 50 day moving average price of $30.07 and a two-hundred day moving average price of $31.07. The company has a debt-to-equity ratio of 5.27, a quick ratio of 1.49 and a current ratio of 2.27.

Insider Activity at NexPoint Residential Trust

In other news, Director Brian Mitts sold 24,296 shares of NexPoint Residential Trust stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $28.85, for a total value of $700,939.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NXRT. Smartleaf Asset Management LLC boosted its stake in NexPoint Residential Trust by 205.0% during the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock valued at $27,000 after buying an additional 576 shares during the period. Federation des caisses Desjardins du Quebec raised its holdings in shares of NexPoint Residential Trust by 27.4% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 386 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of NexPoint Residential Trust by 334.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,491 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of NexPoint Residential Trust by 121.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 1,455 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of NexPoint Residential Trust in the fourth quarter worth approximately $96,000. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

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.