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

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been given a consensus recommendation of “Reduce” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $34.75.

Several research analysts have recently weighed in on the stock. Truist Financial decreased their price objective on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Thursday, January 22nd. Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a report on Tuesday, March 10th. Finally, Raymond James Financial reissued an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday, February 27th.

NexPoint Residential Trust Stock Down 0.3%

NXRT opened at $24.25 on Tuesday. 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 firm has a 50 day moving average price of $27.76 and a 200-day moving average price of $29.72. NexPoint Residential Trust has a twelve month low of $23.79 and a twelve month high of $38.93. The stock has a market capitalization of $616.17 million, a price-to-earnings ratio of -19.09 and a beta of 1.18.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 8.7%. The ex-dividend date was Friday, March 13th. NexPoint Residential Trust’s payout ratio is -166.93%.

Insider Activity at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Matt Mcgraner bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of $24.37 per share, for a total transaction of $48,740.00. Following the completion of the transaction, the insider owned 331,334 shares of the company’s stock, valued at $8,074,609.58. This represents a 0.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Richards bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $24.81 per share, with a total value of $37,215.00. Following the completion of the transaction, the insider directly owned 30,359 shares of the company’s stock, valued at $753,206.79. This trade represents a 5.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 8,700 shares of company stock valued at $223,777 over the last 90 days. 15.36% of the stock is currently owned by company insiders.

Institutional Trading of NexPoint Residential Trust

Several large investors have recently added to or reduced their stakes in NXRT. Long Pond Capital LP grew its position in NexPoint Residential Trust by 54.9% during the fourth quarter. Long Pond Capital LP now owns 842,870 shares of the financial services provider’s stock valued at $25,370,000 after buying an additional 298,781 shares during the period. 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. DigitalBridge Group Inc. bought a new stake in NexPoint Residential Trust during the third quarter valued at approximately $7,443,000. Marnell Management LLC bought a new stake in NexPoint Residential Trust during the fourth quarter valued at approximately $5,220,000. Finally, Starwood Capital Group Management L.L.C. grew its position in NexPoint Residential Trust by 19.1% during the fourth quarter. Starwood Capital Group Management L.L.C. now owns 989,419 shares of the financial services provider’s stock valued at $29,782,000 after buying an additional 158,750 shares during the period. 76.61% of the stock is currently owned by institutional investors.

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.