NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Average Recommendation of “Reduce” from Analysts

NexPoint Residential Trust, Inc. (NYSE:NXRT) has received an average rating of “Reduce” from the seven research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $37.8333.

NXRT has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday, February 27th. Zacks Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Truist Financial reduced their price target on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, Director Brian Mitts sold 24,296 shares of the firm’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 Securities & Exchange Commission, which is available at this link. Also, insider Paul Richards purchased 2,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $26.34 per share, with a total value of $52,680.00. Following the acquisition, the insider directly owned 28,186 shares in the company, valued at approximately $742,419.24. The trade was a 7.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 4,000 shares of company stock worth $106,860. 15.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Several large investors have recently modified their holdings of NXRT. Smartleaf Asset Management LLC boosted its holdings in shares of NexPoint Residential Trust by 205.0% during the 3rd 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 grew its stake in 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 buying an additional 386 shares during the last quarter. Versant Capital Management Inc raised its holdings in NexPoint Residential Trust by 334.3% in 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 period. Tower Research Capital LLC TRC raised its holdings in NexPoint Residential Trust by 121.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 1,455 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in NexPoint Residential Trust during the fourth quarter worth approximately $96,000. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Price Performance

NYSE:NXRT opened at $26.33 on Friday. The stock has a market capitalization of $668.92 million, a PE ratio of -20.73 and a beta of 1.19. NexPoint Residential Trust has a 1-year low of $26.00 and a 1-year high of $40.78. The firm has a fifty day simple moving average of $29.67 and a 200 day simple moving average of $30.78. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 5.27.

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 given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, March 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -166.93%.

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.