Zacks Research upgraded shares of NexPoint Residential Trust (NYSE:NXRT – Free Report) from a strong sell rating to a hold rating in a report released on Thursday,Zacks.com reports.
Several other equities analysts have also recently issued reports on the stock. Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday, March 10th. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. Truist Financial dropped their price objective on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Weiss Ratings raised shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a research note on Friday, February 27th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, NexPoint Residential Trust currently has an average rating of “Reduce” and an average target price of $27.00.
Check Out Our Latest Report on NXRT
NexPoint Residential Trust Stock Performance
NexPoint Residential Trust (NYSE:NXRT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.10. The company had revenue of $63.54 million for the quarter, compared to analysts’ expectations of $63.20 million. NexPoint Residential Trust had a negative net margin of 12.67% and a negative return on equity of 10.30%. NexPoint Residential Trust has set its FY 2026 guidance at 2.570-2.570 EPS. On average, sell-side analysts predict that NexPoint Residential Trust will post 2.2 earnings per share for the current year.
NexPoint Residential Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.3%. NexPoint Residential Trust’s dividend payout ratio is -166.93%.
Insiders Place Their Bets
In related news, insider Matt Mcgraner purchased 2,000 shares of the stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of $24.37 per share, with a total value of $48,740.00. Following the purchase, the insider directly owned 331,334 shares in the company, valued at $8,074,609.58. This trade represents a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul Richards purchased 2,000 shares of the stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of $26.34 per share, for a total transaction of $52,680.00. Following the completion of the purchase, the insider owned 28,186 shares in the company, valued at approximately $742,419.24. This trade represents a 7.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 7,700 shares of company stock worth $195,987. Corporate insiders own 16.63% of the company’s stock.
Hedge Funds Weigh In On NexPoint Residential Trust
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. 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 acquiring an additional 386 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in NexPoint Residential Trust by 29.9% in 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 acquiring an additional 397 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in NexPoint Residential Trust by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 402 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in NexPoint Residential Trust by 0.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 53,707 shares of the financial services provider’s stock valued at $1,617,000 after acquiring an additional 421 shares during the last quarter. Finally, Aberdeen Group plc grew its stake in NexPoint Residential Trust by 6.5% in the 4th quarter. Aberdeen Group plc now owns 8,055 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 493 shares during the last quarter. 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.
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