NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Consensus Rating of "Reduce" by Analysts

Key Points

• NexPoint Residential Trust, Inc. (NYSE:NXRT) has received an average analyst rating of "Reduce", with two analysts issuing a sell rating and six recommending a hold.
• In its most recent quarterly earnings report, NexPoint missed earnings expectations by $0.01, posting $0.80 earnings per share (EPS) against a consensus estimate of $0.81.
• The company declared a quarterly dividend of $0.51, representing a 6.6% dividend yield, though its dividend payout ratio stands at -104.08%.

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) have earned an average rating of "Reduce" from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $40.8750.

A number of analysts have recently issued reports on NXRT shares. Zacks Research downgraded shares of NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a report on Thursday, September 4th. Wall Street Zen raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Finally, Truist Financial dropped their price target on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating on the stock in a report on Tuesday, August 12th.

Insider Activity

In related news, Director Brian Mitts sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $30.92, for a total value of $154,600.00. Following the transaction, the director owned 65,900 shares of the company's stock, valued at approximately $2,037,628. This trade represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 15.36% of the company's stock.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of NexPoint Residential Trust by 0.4% in the second quarter. Geode Capital Management LLC now owns 581,094 shares of the financial services provider's stock worth $19,363,000 after buying an additional 2,277 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of NexPoint Residential Trust by 4.6% in the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider's stock worth $18,022,000 after buying an additional 19,927 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of NexPoint Residential Trust by 17.3% in the second quarter. Invesco Ltd. now owns 387,299 shares of the financial services provider's stock worth $12,905,000 after buying an additional 57,014 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NexPoint Residential Trust by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider's stock worth $14,266,000 after buying an additional 22,367 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in NexPoint Residential Trust by 15.6% during the first quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider's stock valued at $12,993,000 after purchasing an additional 44,391 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company's stock.

NexPoint Residential Trust Stock Performance

Shares of NYSE NXRT opened at $31.11 on Tuesday. The firm's 50-day moving average price is $32.47 and its 200-day moving average price is $34.04. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 4.22. The company has a market cap of $788.95 million, a PE ratio of -15.87 and a beta of 1.08. NexPoint Residential Trust has a 52-week low of $29.98 and a 52-week high of $48.31.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.01). The company had revenue of $63.10 million for the quarter, compared to analysts' expectations of $63.32 million. NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, analysts anticipate that NexPoint Residential Trust will post 2.86 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.6%. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -104.08%.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.

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