Zacks Research lowered shares of NexPoint Residential Trust (NYSE:NXRT – Free Report) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.
A number of other equities analysts also recently commented on the stock. Truist Financial reduced their price objective on shares of NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $18.00 target price on NexPoint Residential Trust in a research report on Monday, July 20th. Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Finally, Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $22.00.
Get Our Latest Stock Analysis on NexPoint Residential Trust
NexPoint Residential Trust Stock Performance
NexPoint Residential Trust (NYSE:NXRT – Get Free Report) last announced its quarterly earnings results 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 net margin of 13.22% and a negative return on equity of 11.75%. The firm 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. On average, equities research analysts expect that NexPoint Residential Trust will post 2.38 earnings per share for the current fiscal year.
NexPoint Residential Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 8.7%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -159.40%.
Institutional Trading of NexPoint Residential Trust
Several institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP acquired a new position in NexPoint Residential Trust during the second quarter valued at $33,000. Ameritas Advisory Services LLC acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth about $39,000. PNC Financial Services Group Inc. grew its position 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 worth $43,000 after purchasing an additional 397 shares during the period. Federation des caisses Desjardins du Quebec grew its position in NexPoint Residential Trust by 27.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 386 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of NexPoint Residential Trust by 121.1% during 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 buying an additional 1,455 shares during the last quarter. 76.61% of the stock is currently 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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