NexPoint Residential Trust (NYSE:NXRT) Lowered to Market Perform Rating by Citizens Jmp

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) was downgraded by equities researchers at Citizens Jmp from an "outperform" rating to a "market perform" rating in a report issued on Monday, MarketBeat reports.

Several other research analysts also recently weighed in on NXRT. JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Wall Street Zen downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Raymond James downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Jefferies Financial Group increased their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Finally, Truist Financial increased their price target on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $44.25.

NexPoint Residential Trust Stock Performance

NexPoint Residential Trust stock traded down $0.69 during midday trading on Monday, reaching $33.34. 143,415 shares of the company traded hands, compared to its average volume of 132,093. The firm has a market capitalization of $842.88 million, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14. The business has a 50 day moving average of $36.73 and a two-hundred day moving average of $40.16. NexPoint Residential Trust has a 12 month low of $30.98 and a 12 month high of $48.37. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The company had revenue of $63.22 million for the quarter, compared to the consensus estimate of $63.29 million. As a group, research analysts predict that NexPoint Residential Trust will post 2.86 earnings per share for the current year.

Insider Activity

In other news, insider Paul Richards acquired 5,814 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were purchased at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the transaction, the insider now directly owns 18,493 shares of the company's stock, valued at approximately $614,707.32. This trade represents a 45.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 15.36% of the company's stock.

Institutional Trading of NexPoint Residential Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of NexPoint Residential Trust by 1,732.4% during the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 589 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of NexPoint Residential Trust during the 4th quarter valued at $35,000. Smartleaf Asset Management LLC grew its stake in NexPoint Residential Trust by 104.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 456 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in NexPoint Residential Trust during the first quarter valued at $53,000. Finally, Quantbot Technologies LP purchased a new position in NexPoint Residential Trust during the first quarter valued at $56,000. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Company Profile

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.