NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Average Rating of "Hold" by 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 received an average rating of "Hold" from the seven research firms that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $41.50.

Several research firms have issued reports on NXRT. Wall Street Zen raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. Truist Financial decreased 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 research note on Tuesday, August 12th. JMP Securities reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Compass Point reaffirmed a "neutral" rating and set a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. Finally, Raymond James Financial cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th.

NexPoint Residential Trust Price Performance

NYSE NXRT traded up $0.55 during trading hours on Monday, reaching $34.44. The company's stock had a trading volume of 242,703 shares, compared to its average volume of 180,646. The stock has a market cap of $873.45 million, a PE ratio of -17.57, a PEG ratio of 2.03 and a beta of 1.04. NexPoint Residential Trust has a fifty-two week low of $29.98 and a fifty-two week high of $48.37. The company's 50-day moving average is $33.00 and its two-hundred day moving average is $35.63. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.89 and a current ratio of 1.89.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.01). The business had revenue of $63.10 million during the quarter, compared to analyst estimates 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. Analysts forecast that NexPoint Residential Trust will post 2.86 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, September 15th. NexPoint Residential Trust's dividend payout ratio (DPR) is currently -104.08%.

Insider Activity

In related news, insider Paul Richards acquired 5,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were acquired at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the acquisition, the insider directly owned 24,689 shares in the company, valued at approximately $812,761.88. The trade was a 25.39% increase in their position. The acquisition 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 Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Nexpoint Asset Management L.P. lifted its holdings in shares of NexPoint Residential Trust by 100.0% during the 4th 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 during the period. Geode Capital Management LLC lifted its holdings in shares of NexPoint Residential Trust by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 581,094 shares of the financial services provider's stock worth $19,363,000 after acquiring an additional 2,277 shares during the period. Northern Trust Corp lifted its holdings in shares of NexPoint Residential Trust by 4.6% during the 1st quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider's stock worth $18,022,000 after acquiring an additional 19,927 shares during the period. Invesco Ltd. lifted its holdings in shares of NexPoint Residential Trust by 17.3% during the 2nd quarter. Invesco Ltd. now owns 387,299 shares of the financial services provider's stock worth $12,905,000 after acquiring an additional 57,014 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of NexPoint Residential Trust by 2.6% during the 4th quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider's stock worth $15,929,000 after acquiring an additional 9,754 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

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.