NexPoint Residential Trust, Inc. (NYSE:NXRT) Stock Has Average Price Target of $20.50 According to Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have been assigned a consensus rating of “Reduce” from the six brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $20.50.

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on shares of NexPoint Residential Trust in a research note on Wednesday, September 9th. Wall Street Zen upgraded 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 report on Thursday, October 8th. Citizens Jmp reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Finally, Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th.

Insider Activity

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

Hedge Funds Weigh In On NexPoint Residential Trust

A number of institutional investors have recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in NexPoint Residential Trust by 183.0% during the third quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 2,235 shares during the period. Evergreen Capital Management LLC increased its position in NexPoint Residential Trust by 52.2% in the third quarter. Evergreen Capital Management LLC now owns 13,837 shares of the financial services provider’s stock worth $270,000 after buying an additional 4,744 shares in the last quarter. Inspire Investing LLC raised its stake in shares of NexPoint Residential Trust by 32.7% in the third quarter. Inspire Investing LLC now owns 32,387 shares of the financial services provider’s stock worth $632,000 after buying an additional 7,988 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of NexPoint Residential Trust by 456.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,121 shares of the financial services provider’s stock valued at $80,000 after buying an additional 3,381 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of NexPoint Residential Trust during the 2nd quarter valued at approximately $320,000. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Trading Down 0.5%

Shares of NXRT stock opened at $18.68 on Friday. 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 has a 12-month low of $17.67 and a 12-month high of $32.36. The stock has a market capitalization of $477.15 million, a P/E ratio of -14.04, a P/E/G ratio of 0.33 and a beta of 1.18. The firm’s 50 day moving average is $21.25 and its 200 day moving average is $26.18.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.03. The business had revenue of $64.61 million during the quarter, compared to analyst estimates 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 expect that NexPoint Residential Trust will post 2.23 earnings per share for the current year.

About NexPoint Residential Trust

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.