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

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

A number of other analysts have also recently weighed in on the stock. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings cut shares of NexPoint Residential Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Citizens Jmp restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Finally, Truist Financial cut their price target on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, September 29th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, NexPoint Residential Trust presently has an average rating of “Reduce” and an average price target of $20.50.

NexPoint Residential Trust Price Performance

Shares of NXRT stock opened at $18.31 on Tuesday. The stock’s 50-day moving average is $22.25 and its 200 day moving average is $25.61. NexPoint Residential Trust has a 1-year low of $18.14 and a 1-year high of $32.36. The company has a debt-to-equity ratio of 6.41, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $467.90 million, a P/E ratio of -13.77, a PEG ratio of 0.50 and a beta of 1.18.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. The business had revenue of $64.61 million during 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. Research analysts predict that NexPoint Residential Trust will post 2.24 earnings per share for the current fiscal year.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Matt Mcgraner purchased 5,500 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was bought at an average cost of $18.42 per share, for a total transaction of $101,310.00. Following the completion of the purchase, the insider owned 361,605 shares in the company, valued at $6,660,764.10. This represents a 1.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of NexPoint Residential Trust during the second quarter valued at about $118,748,000. Flax Pond Capital LLC purchased a new position in shares of NexPoint Residential Trust in the 1st quarter valued at approximately $4,047,000. Bank of New York Mellon Corp purchased a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at approximately $4,002,000. Paralel Advisors LLC acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth approximately $2,013,000. Finally, Bank of America Corp DE acquired a new stake in NexPoint Residential Trust in the 2nd quarter worth approximately $1,591,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

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.