NexPoint Residential Trust (NYSE:NXRT) Sets New 12-Month Low - Here's Why

Key Points

• NexPoint Residential Trust shares hit a new 52-week low of $19.41, below their 50-day and 200-day moving averages. Analysts’ average rating is “Reduce,” with an average price target of $24.50.
• The company’s latest quarter slightly exceeded expectations, reporting a loss of $0.34 per share versus the estimated $0.37 loss and revenue of $64.61 million. However, it posted negative net margin and return on equity.
• NexPoint declared a quarterly dividend of $0.53 per share, equal to a $2.12 annualized payout and a high 10.9% yield; institutional investors own 76.61% of the stock.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday. The company traded as low as $19.41 and last traded at $19.5950, with a volume of 9253 shares. The stock had previously closed at $19.64.

Analyst Ratings Changes

Several analysts recently commented on NXRT shares. Truist Financial reduced their target price on NexPoint Residential Trust from $27.00 to $26.00 and set a "hold" rating on the stock in a report on Tuesday, June 30th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 4th. Citigroup restated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of NexPoint Residential Trust in a research note on Friday, July 31st. Finally, Citizens Jmp reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, NexPoint Residential Trust has an average rating of "Reduce" and an average target price of $24.50.

NexPoint Residential Trust Price Performance

The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92. The business has a 50 day moving average price of $24.02 and a 200-day moving average price of $26.18. The company has a market capitalization of $497.59 million, a price-to-earnings ratio of -14.65, a P/E/G ratio of 0.50 and a beta of 1.15.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.03. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%.The business 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. Research analysts predict that NexPoint Residential Trust, Inc. will post 2.25 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 10.9%. NexPoint Residential Trust's dividend payout ratio (DPR) is -159.40%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new stake in NexPoint Residential Trust in the second quarter worth $320,000. Integrated Wealth Concepts LLC acquired a new position in shares of NexPoint Residential Trust during the second quarter valued at about $51,000. Squarepoint Ops LLC acquired a new position in shares of NexPoint Residential Trust during the second quarter valued at about $330,000. Allworth Financial LP raised its holdings in shares of NexPoint Residential Trust by 95.0% during the second quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 571 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of NexPoint Residential Trust by 9.0% during the 2nd quarter. HighTower Advisors LLC now owns 24,938 shares of the financial services provider's stock worth $696,000 after purchasing an additional 2,052 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc is a real estate investment trust (REIT) that owns and operates multifamily apartment communities in the United States. The company focuses primarily on workforce housing and value-add properties, seeking to improve communities through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust's portfolio has historically been concentrated in the Sun Belt, including markets across the southeastern and southwestern United States.

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