Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Free Report) have been assigned an average recommendation of “Reduce” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.50.
Several equities analysts recently commented on the stock. Citizens Jmp reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Truist Financial lowered their price target on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NexPoint Residential Trust in a research note on Friday, July 31st. Finally, Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th.
View Our Latest Research Report on NXRT
NexPoint Residential Trust Stock Down 0.9%
NexPoint Residential Trust (NYSE:NXRT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.03. The firm had revenue of $64.61 million for the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, analysts forecast that NexPoint Residential Trust will post 2.24 earnings per share for the current fiscal year.
NexPoint Residential Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 11.3%. The ex-dividend date was Tuesday, September 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -159.40%.
Hedge Funds Weigh In On NexPoint Residential Trust
Large investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in shares of NexPoint Residential Trust during the second quarter valued at approximately $33,000. Ameritas Advisory Services LLC bought a new stake in NexPoint Residential Trust during the 2nd quarter valued at $39,000. PNC Financial Services Group Inc. raised its holdings in NexPoint Residential Trust by 29.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $43,000 after buying an additional 397 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in NexPoint Residential Trust during the 2nd quarter valued at $51,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in NexPoint Residential Trust during the 4th quarter valued at $96,000. 76.61% of the stock is owned by hedge funds and other institutional investors.
About NexPoint Residential Trust
NexPoint Residential Trust, Inc (NYSE:NXRT) is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.
NexPoint Residential Trust’s portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.
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