NexPoint Residential Trust (NYSE:NXRT) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Free Report)’s share price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $21.47 and traded as low as $18.10. NexPoint Residential Trust shares last traded at $19.0840, with a volume of 431,780 shares traded.

Analysts Set New Price Targets

NXRT has been the topic of several analyst reports. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Weiss Ratings downgraded shares of NexPoint Residential Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $23.00 price objective on shares of NexPoint Residential Trust in a report on Wednesday, September 9th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $20.50.

View Our Latest Research Report on NXRT

NexPoint Residential Trust Trading Up 5.5%

The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 6.41. The company has a 50-day moving average price of $21.47 and a 200-day moving average price of $25.35. The company has a market capitalization of $487.60 million, a price-to-earnings ratio of -14.35, a P/E/G ratio of 0.47 and a beta of 1.18.

NexPoint Residential Trust (NYSE:NXRT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.03. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%. The business had revenue of $64.61 million during the quarter, compared to analysts’ expectations of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. Research analysts predict that NexPoint Residential Trust, Inc. will post 2.24 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.53 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 11.1%. NexPoint Residential Trust’s payout ratio is -159.40%.

Insider Activity at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Matt Mcgraner acquired 5,500 shares of NexPoint Residential Trust stock in a transaction dated Monday, October 5th. The stock was bought at an average cost of $18.42 per share, with a total value of $101,310.00. Following the completion of the transaction, the insider owned 361,605 shares of the company’s stock, valued at $6,660,764.10. The trade was a 1.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of institutional investors and hedge funds have recently bought and sold shares of NXRT. Inspire Investing LLC raised its stake in NexPoint Residential Trust by 32.7% during the 3rd quarter. Inspire Investing LLC now owns 32,387 shares of the financial services provider’s stock valued at $632,000 after purchasing an additional 7,988 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in NexPoint Residential Trust by 456.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,121 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 3,381 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth $320,000. Integrated Wealth Concepts LLC acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth $51,000. Finally, Squarepoint Ops LLC acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth $330,000. Institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

(Get Free Report)

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.

Further Reading

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