NexPoint Residential Trust (NYSE:NXRT) Earns Sell (D) Rating from Weiss Ratings

Key Points

• NexPoint Residential Trust (NXRT) received a "sell (d)" rating from Weiss Ratings, while other firms have varied in their assessments, with some upgrading the stock to a "hold" rating.
• As of the latest trading session, NexPoint Residential Trust shares were priced at $31.89 with a 52-week range between $29.98 and $48.31.
• The company reported a loss in quarterly earnings, missing EPS expectations slightly and facing a negative net margin of 19.55%.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report)'s stock had its "sell (d)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently commented on NXRT. Wall Street Zen upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. Truist Financial lowered 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 note on Tuesday, August 12th. Finally, Zacks Research cut shares of NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $40.88.

NexPoint Residential Trust Stock Up 0.2%

Shares of NXRT stock traded up $0.07 during mid-day trading on Wednesday, hitting $31.89. 2,815 shares of the stock traded hands, compared to its average volume of 154,038. The stock has a market cap of $808.60 million, a P/E ratio of -16.27 and a beta of 1.08. 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 stock's fifty day moving average is $32.45 and its two-hundred day moving average is $34.26. 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 data 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 company had revenue of $63.10 million during 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. Equities analysts predict that NexPoint Residential Trust will post 2.86 EPS for the current year.

Insider Transactions at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of the company'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 transaction of $154,600.00. Following the sale, the director directly owned 65,900 shares of the company's stock, valued at $2,037,628. This represents a 7.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On NexPoint Residential Trust

Several large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in NexPoint Residential Trust by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider's stock worth $285,000 after buying an additional 402 shares during the period. Capital Square LLC grew its holdings in NexPoint Residential Trust by 2.8% during the 2nd quarter. Capital Square LLC now owns 15,831 shares of the financial services provider's stock worth $540,000 after acquiring an additional 429 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in NexPoint Residential Trust by 3.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider's stock worth $441,000 after acquiring an additional 488 shares in the last quarter. Aberdeen Group plc grew its holdings in NexPoint Residential Trust by 9.4% during the 2nd quarter. Aberdeen Group plc now owns 6,639 shares of the financial services provider's stock worth $221,000 after acquiring an additional 571 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NexPoint Residential Trust by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider's stock worth $525,000 after acquiring an additional 573 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other 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.

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