NexPoint Residential Trust (NYSE:NXRT) Upgraded by Wall Street Zen to Hold Rating

Key Points

• NexPoint Residential Trust (NXRT) was upgraded from a "sell" to a "hold" rating by Wall Street Zen, amidst various analysts adjusting their ratings on the stock.
• The stock's average target price is $41.50, while it currently trades around $33.51, showing potential for recovery based on analysts' ratings.
• Insider Paul Richards purchased 5,000 shares at $32.92 each, highlighting confidence in the company's future, as insiders currently hold 15.36% of the stock.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Several other equities research analysts have also recently commented on the stock. Compass Point reiterated a "neutral" rating and set a $42.50 price target (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Citizens Jmp lowered shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Raymond James Financial cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Truist Financial decreased their price target on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating for the company in a report on Tuesday, August 12th. Finally, JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat, NexPoint Residential Trust presently has a consensus rating of "Hold" and a consensus price target of $41.50.

NexPoint Residential Trust Stock Performance

NXRT stock traded down $0.4250 during trading on Friday, reaching $33.1050. 123,090 shares of the stock were exchanged, compared to its average volume of 202,383. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. The stock has a 50 day simple moving average of $32.96 and a 200-day simple moving average of $35.75. The company has a market capitalization of $839.54 million, a P/E ratio of -16.89, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04. NexPoint Residential Trust has a twelve month low of $29.98 and a twelve month high of $48.37.

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

Insiders Place Their Bets

In other news, insider Paul Richards purchased 5,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the purchase, the insider directly owned 24,689 shares of the company's stock, valued at $812,761.88. This trade represents a 25.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of hedge funds have recently bought and sold shares of NXRT. Farther Finance Advisors LLC increased its holdings in shares of NexPoint Residential Trust by 1,732.4% during the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock worth $25,000 after purchasing an additional 589 shares during the period. Johnson Financial Group Inc. bought a new position in shares of NexPoint Residential Trust during the fourth quarter worth approximately $35,000. New Age Alpha Advisors LLC bought a new position in shares of NexPoint Residential Trust during the first quarter worth approximately $53,000. Ameritas Advisory Services LLC bought a new position in shares of NexPoint Residential Trust during the second quarter worth approximately $47,000. Finally, Quantbot Technologies LP bought a new position in shares of NexPoint Residential Trust during the first quarter worth approximately $56,000. 76.61% of the stock is owned by 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.