NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• NexPoint Residential Trust, Inc. (NYSE:NXRT) has received an average rating of "Hold" from seven analysts, with a 1-year price target set at $41.50.
• The company reported a quarterly EPS of $0.80, slightly below the consensus estimate, and had a negative return on equity of 12.54%.
• NexPoint Residential Trust will pay a quarterly dividend of $0.51 on September 30th, reflecting an annualized yield of 6.1%, despite a negative dividend payout ratio.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) has earned an average rating of "Hold" from the seven analysts that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.50.

Several research analysts have recently issued reports on the stock. JMP Securities restated a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Compass Point restated a "neutral" rating and issued a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Raymond James Financial lowered shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Finally, Truist Financial reduced their target price on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating on the stock in a research report on Tuesday, August 12th.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $33.5140 on Monday. The company has a market capitalization of $849.92 million, a PE ratio of -17.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04. NexPoint Residential Trust has a one year low of $29.98 and a one year high of $48.37. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.89 and a quick ratio of 1.89. The company's fifty day moving average price is $32.96 and its 200 day moving average price is $35.80.

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

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.1%. The ex-dividend date is Monday, September 15th. NexPoint Residential Trust's dividend payout ratio is currently -104.08%.

Insiders Place Their Bets

In other news, insider Paul Richards bought 5,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was purchased at an average price of $32.92 per share, with a total value of $164,600.00. Following the completion of the purchase, the insider owned 24,689 shares of the company's stock, valued at approximately $812,761.88. This trade represents a 25.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 15.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

Several large investors have recently made changes to their positions in NXRT. Nexpoint Asset Management L.P. increased its position in shares of NexPoint Residential Trust by 100.0% during the fourth quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider's stock worth $65,245,000 after acquiring an additional 781,266 shares in the last quarter. Millennium Management LLC grew its position in shares of NexPoint Residential Trust by 194.3% in the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider's stock valued at $11,869,000 after acquiring an additional 187,680 shares during the period. CSM Advisors LLC bought a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at about $4,937,000. Invesco Ltd. grew its position in shares of NexPoint Residential Trust by 63.9% in the 1st quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider's stock valued at $13,056,000 after acquiring an additional 128,745 shares during the period. Finally, BROOKFIELD Corp ON lifted its stake in shares of NexPoint Residential Trust by 109.7% during the 1st quarter. BROOKFIELD Corp ON now owns 193,982 shares of the financial services provider's stock worth $7,668,000 after buying an additional 101,459 shares during the last quarter. Institutional investors own 76.61% of the company's stock.

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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