NexPoint Residential Trust (NYSE:NXRT) Rating Increased to Hold at Wall Street Zen

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 stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

NXRT has been the subject of several other reports. JMP Securities reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Citizens Jmp downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Truist Financial dropped 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 report on Tuesday, August 12th. Compass Point reiterated a "neutral" rating and issued a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Finally, Raymond James Financial downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of "Hold" and an average target price of $41.50.

NexPoint Residential Trust Stock Down 0.4%

NXRT stock traded down $0.15 during mid-day trading on Friday, hitting $33.47. 14,145 shares of the company were exchanged, compared to its average volume of 149,497. The company has a market capitalization of $848.96 million, a PE ratio of -17.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. NexPoint Residential Trust has a twelve month low of $29.98 and a twelve month high of $48.37. The firm has a fifty day simple moving average of $32.96 and a 200 day simple moving average of $35.72.

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 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $63.10 million for the quarter, compared to analyst estimates of $63.32 million. NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. On average, research analysts forecast that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

Insider Activity

In other NexPoint Residential Trust news, insider Paul Richards bought 5,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased 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 in the company, valued at $812,761.88. This represents a 25.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.36% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Nexpoint Asset Management L.P. boosted its position in NexPoint Residential Trust by 100.0% during the fourth quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider's stock worth $65,245,000 after purchasing an additional 781,266 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NexPoint Residential Trust by 0.4% in the second quarter. Geode Capital Management LLC now owns 581,094 shares of the financial services provider's stock valued at $19,363,000 after purchasing an additional 2,277 shares during the last quarter. Northern Trust Corp increased its holdings in shares of NexPoint Residential Trust by 4.6% in the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider's stock valued at $18,022,000 after purchasing an additional 19,927 shares during the last quarter. Invesco Ltd. increased its stake in NexPoint Residential Trust by 17.3% during the second 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 last quarter. Finally, Deutsche Bank AG increased its stake in NexPoint Residential Trust by 2.6% during the fourth 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 last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

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.