NexPoint Residential Trust (NYSE:NXRT) Stock Dropped to "Sell" by Wall Street Zen

Key Points

• Wall Street Zen downgraded NexPoint Residential Trust to “sell” from “hold.” Analysts are split, but MarketBeat reports a consensus “Reduce” rating and a $20.50 target price.
• Shares opened at $16.29, near their 52-week low of $16.06, and below their 50-day and 200-day moving averages.
• The company missed quarterly earnings and revenue expectations, reporting a loss of $0.45 per share versus the $0.41 loss analysts expected, and revenue of $64.47 million versus $64.87 million forecast.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on NexPoint Residential Trust in a research report on Wednesday, September 9th. Zacks Research lowered shares of NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Citizens Jmp reissued a "market perform" rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Weiss Ratings raised shares of NexPoint Residential Trust from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, October 27th. Finally, Truist Financial lowered their target price on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a "hold" rating for the company in a research note on Tuesday, September 29th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of "Reduce" and a consensus target price of $20.50.

NexPoint Residential Trust Stock Down 4.0%

Shares of NYSE NXRT opened at $16.29 on Friday. The stock's fifty day moving average is $20.06 and its 200 day moving average is $25.59. NexPoint Residential Trust has a 52 week low of $16.06 and a 52 week high of $32.36. The stock has a market capitalization of $416.11 million, a P/E ratio of 6.24, a PEG ratio of 0.31 and a beta of 1.15. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.04). 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 $64.47 million for the quarter, compared to analysts' expectations of $64.87 million. Sell-side analysts forecast that NexPoint Residential Trust will post 2.23 earnings per share for the current fiscal year.

Insider Activity at NexPoint Residential Trust

In related news, insider Matt Mcgraner purchased 5,500 shares of NexPoint Residential Trust stock in a transaction dated Monday, October 5th. The shares were acquired at an average price of $18.42 per share, for a total transaction of $101,310.00. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position 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 in the last quarter. Cetera Investment Advisers increased its position in NexPoint Residential Trust by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 9,378 shares of the financial services provider's stock valued at $234,000 after acquiring an additional 498 shares in the last quarter. Allworth Financial LP raised its position in NexPoint Residential Trust by 95.0% in the second quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 571 shares during the last quarter. Resona Asset Management Co. Ltd. increased its stake in NexPoint Residential Trust by 6.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,711 shares of the financial services provider's stock valued at $242,000 after purchasing an additional 596 shares in the last quarter. Finally, Burford Brothers Inc. raised its holdings in NexPoint Residential Trust by 2.9% during the 2nd quarter. Burford Brothers Inc. now owns 24,559 shares of the financial services provider's stock valued at $686,000 after buying an additional 690 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.

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