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

Key Points

• NexPoint Residential Trust (NYSE:NXRT) has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a shift in analysts' outlook on the stock.
• The company reported $0.80 EPS for the last quarter, falling short of the consensus estimate of $0.81, indicating challenges in earnings performance.
• Institutional investors control approximately 76.61% of NexPoint Residential Trust's stock, with significant recent increases in holdings by several hedge funds.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

A number of other analysts also recently issued reports on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of NexPoint Residential Trust in a research report on Saturday, September 27th. Zacks Research cut NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 4th. Finally, Truist Financial dropped their target price on NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating on the stock in a report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $40.88.

NexPoint Residential Trust Price Performance

NYSE NXRT traded down $0.12 during trading hours on Friday, hitting $31.64. The company had a trading volume of 179,936 shares, compared to its average volume of 180,001. NexPoint Residential Trust has a 52 week low of $29.98 and a 52 week high of $48.31. The firm has a 50 day simple moving average of $32.55 and a 200 day simple moving average of $34.40. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a market capitalization of $802.26 million, a price-to-earnings ratio of -16.14 and a beta of 1.08.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its earnings results 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). NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%.The company 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. Equities research analysts expect that NexPoint Residential Trust will post 2.86 earnings per share for the current year.

Insiders Place Their Bets

In other NexPoint Residential Trust news, Director Brian Mitts sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $30.92, for a total transaction of $154,600.00. Following the completion of the transaction, the director owned 65,900 shares in the company, valued at $2,037,628. This trade represents a 7.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Several institutional investors have recently added to or reduced their stakes in NXRT. GAMMA Investing LLC grew its holdings in NexPoint Residential Trust by 4,645.8% during the 1st quarter. GAMMA Investing LLC now owns 35,261 shares of the financial services provider's stock valued at $1,394,000 after buying an additional 34,518 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in 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 buying an additional 589 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of NexPoint Residential Trust by 53.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,041 shares of the financial services provider's stock valued at $488,000 after purchasing an additional 4,217 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of NexPoint Residential Trust by 83.3% in the 1st quarter. Teacher Retirement System of Texas now owns 40,790 shares of the financial services provider's stock valued at $1,612,000 after purchasing an additional 18,541 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of NexPoint Residential Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 120,512 shares of the financial services provider's stock valued at $4,764,000 after purchasing an additional 3,207 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company's stock.

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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