NexPoint Residential Trust (NYSE:NXRT) Given "Market Perform" Rating at Citizens Jmp

Key Points

• Citizens JMP reaffirmed a “Market Perform” rating on NexPoint Residential Trust, while the broader analyst consensus remains “Hold” with an average price target of $22.00.
• NXRT shares closed at $24.02, near the lower end of their 12-month range of $23.47 to $34.87. The company reported quarterly EPS of -$0.34, beating estimates, and revenue of $64.61 million, also above expectations.
• Institutional investors own 76.61% of the company, with UBS, Vanguard, and Strs Ohio among investors that increased their positions.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report)'s stock had its "market perform" rating reissued by stock analysts at Citizens Jmp in a note issued to investors on Thursday,Benzinga reports.

Several other analysts have also issued reports on NXRT. Zacks Research upgraded shares of NexPoint Residential Trust from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $18.00 price objective on NexPoint Residential Trust in a research note on Monday, July 20th. Wall Street Zen raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 4th. Weiss Ratings restated a "sell (d+)" rating on shares of NexPoint Residential Trust in a research note on Friday, July 31st. Finally, Truist Financial lowered their price objective on shares of NexPoint Residential Trust from $27.00 to $26.00 and set a "hold" rating for the company in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.00.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock traded down $0.04 on Thursday, reaching $24.02. The stock had a trading volume of 46,092 shares, compared to its average volume of 227,114. NexPoint Residential Trust has a 12 month low of $23.47 and a 12 month high of $34.87. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 6.41. The firm has a market capitalization of $613.61 million, a price-to-earnings ratio of -18.06 and a beta of 1.18. The firm's 50-day moving average is $26.65 and its two-hundred day moving average is $27.44.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.37) by $0.03. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. The company had revenue of $64.61 million during the quarter, compared to analysts' expectations of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, research analysts expect that NexPoint Residential Trust will post 2.38 EPS for the current fiscal year.

Hedge Funds Weigh In On NexPoint Residential Trust

Hedge funds have recently modified their holdings of the company. UBS Group AG raised its stake in shares of NexPoint Residential Trust by 44.7% in the fourth quarter. UBS Group AG now owns 115,555 shares of the financial services provider's stock valued at $3,478,000 after buying an additional 35,683 shares during the period. Vanguard Group Inc. grew its stake in shares of NexPoint Residential Trust by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,436,034 shares of the financial services provider's stock worth $73,325,000 after acquiring an additional 70,310 shares during the period. Strs Ohio grew its stake in shares of NexPoint Residential Trust by 24.1% during the 4th quarter. Strs Ohio now owns 146,900 shares of the financial services provider's stock worth $4,422,000 after acquiring an additional 28,500 shares during the period. Marnell Management LLC bought a new stake in NexPoint Residential Trust in the 4th quarter valued at about $5,220,000. Finally, Flax Pond Capital LLC purchased a new stake in NexPoint Residential Trust during the first quarter valued at about $4,047,000. Institutional investors own 76.61% of the company's stock.

About NexPoint Residential Trust

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.

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