NexPoint Residential Trust’s (NXRT) “Underperform” Rating Reiterated at Raymond James Financial

Raymond James Financial reiterated their underperform rating on shares of NexPoint Residential Trust (NYSE:NXRT) in a research report sent to investors on Friday morning, Marketbeat.com reports.

Other equities analysts also recently issued reports about the company. Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Finally, Truist Financial decreased their target price 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 research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust presently has an average rating of “Reduce” and a consensus price target of $39.88.

NexPoint Residential Trust Trading Down 1.8%

NYSE NXRT opened at $28.23 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 5.27. The stock 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 firm has a 50-day moving average price of $30.07 and a 200 day moving average price of $31.07.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, March 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is -166.93%.

Insider Activity

In related news, Director Brian Mitts sold 8,452 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $28.05, for a total value of $237,078.60. Following the completion of the transaction, the director owned 52,448 shares of the company’s stock, valued at approximately $1,471,166.40. The trade was a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in shares of NexPoint Residential Trust by 205.0% in the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock worth $27,000 after buying an additional 576 shares during the period. Federation des caisses Desjardins du Quebec raised its stake in shares of NexPoint Residential Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 386 shares during the period. Versant Capital Management Inc raised its stake in shares of NexPoint Residential Trust by 334.3% during the third quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,491 shares during the period. Tower Research Capital LLC TRC increased its stake in NexPoint Residential Trust by 121.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock worth $88,000 after buying an additional 1,455 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in NexPoint Residential Trust in the 4th quarter valued at about $96,000. 76.61% of the stock is owned by institutional investors and hedge funds.

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.