NexPoint Residential Trust (NYSE:NXRT) Stock Rating Cut to Strong Sell at Zacks Research

NexPoint Residential Trust (NYSE:NXRT – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.

Several other brokerages also recently weighed in on NXRT. Citizens Jmp reiterated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Truist Financial cut their price objective on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft set a $23.00 price objective on NexPoint Residential Trust in a research report on Wednesday, September 9th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $20.50.

Read Our Latest Analysis on NXRT

NexPoint Residential Trust Stock Performance

Shares of NYSE:NXRT opened at $18.31 on Tuesday. The company has a market capitalization of $467.90 million, a price-to-earnings ratio of -13.77, a PEG ratio of 0.50 and a beta of 1.18. NexPoint Residential Trust has a 12 month low of $18.14 and a 12 month high of $32.36. The firm’s 50-day moving average is $22.25 and its 200 day moving average is $25.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 6.41.

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 analysts’ consensus estimates 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 company had revenue of $64.61 million for the quarter, compared to analyst estimates 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 will post 2.24 EPS for the current year.

Insider Buying and Selling

In other news, insider Matt Mcgraner acquired 5,500 shares of NexPoint Residential Trust stock in a transaction on Monday, October 5th. The shares were bought at an average cost of $18.42 per share, for a total transaction of $101,310.00. Following the acquisition, the insider directly owned 361,605 shares of the company’s stock, valued at $6,660,764.10. This trade represents a 1.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.63% of the stock is owned by insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in NexPoint Residential Trust during the second quarter valued at approximately $118,748,000. Flax Pond Capital LLC bought a new position in NexPoint Residential Trust in the first quarter worth approximately $4,047,000. Bank of New York Mellon Corp bought a new position in NexPoint Residential Trust in the second quarter worth approximately $4,002,000. Paralel Advisors LLC bought a new position in NexPoint Residential Trust in the second quarter worth approximately $2,013,000. Finally, Bank of America Corp DE purchased a new stake in NexPoint Residential Trust during the second quarter worth $1,591,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

(Get Free Report)

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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Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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