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

Key Points

• Analysts remain cautious on NXRT: six brokerages give the stock an average “Reduce” rating, with three sells and three holds. The average 12-month price target is $20.50, while Truist recently cut its target from $26 to $18.
• NXRT opened at $18.77, near its 52-week low of $17.67 and below its 50-day and 200-day moving averages. The company reported quarterly revenue of $64.61 million and an adjusted EPS loss of $0.34, slightly better than analysts expected.
• The REIT paid a quarterly dividend of $0.53 per share, equating to an annualized 11.3% yield, although its payout ratio remains negative. An insider also purchased 5,500 shares, while institutional investors own 76.61% of the stock.

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) have been given an average recommendation of "Reduce" by the six brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $20.50.

NXRT has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of NexPoint Residential Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, October 8th. 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. Truist Financial reduced their price objective on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a "hold" rating for the company in a research report on Tuesday, September 29th. Citigroup reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th.

Insiders Place Their Bets

In other NexPoint Residential Trust news, insider Matt Mcgraner acquired 5,500 shares of the business's stock in a transaction on Monday, October 5th. The stock was purchased at an average price of $18.42 per share, for a total transaction of $101,310.00. Following the completion of the transaction, the insider owned 361,605 shares of the company's stock, valued at $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 available through this hyperlink. 16.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

Several institutional investors have recently made changes to their positions in NXRT. Signaturefd LLC grew its stake in shares of NexPoint Residential Trust by 183.0% during the 3rd quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider's stock worth $67,000 after purchasing an additional 2,235 shares during the period. Evergreen Capital Management LLC raised its position in NexPoint Residential Trust by 52.2% during the third quarter. Evergreen Capital Management LLC now owns 13,837 shares of the financial services provider's stock worth $270,000 after acquiring an additional 4,744 shares during the last quarter. Inspire Investing LLC raised its position in shares of NexPoint Residential Trust by 32.7% during the 3rd quarter. Inspire Investing LLC now owns 32,387 shares of the financial services provider's stock worth $632,000 after purchasing an additional 7,988 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of NexPoint Residential Trust by 456.9% in the third quarter. Nisa Investment Advisors LLC now owns 4,121 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 3,381 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in NexPoint Residential Trust during the 2nd quarter worth about $320,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $18.77 on Friday. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $479.60 million, a P/E ratio of -14.11, a P/E/G ratio of 0.33 and a beta of 1.18. The company's fifty day moving average is $21.35 and its two-hundred day moving average is $25.30. NexPoint Residential Trust has a 1 year low of $17.67 and a 1 year high of $32.36.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, sell-side analysts predict that NexPoint Residential Trust will post 2.23 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend was Tuesday, September 15th. NexPoint Residential Trust's dividend payout ratio is currently -159.40%.

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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