NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives $39.88 Consensus PT from Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have earned an average recommendation of “Reduce” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $39.8750.

NXRT has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Zacks Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Truist Financial reduced their price objective on NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, Director Brian Mitts sold 8,452 shares of NexPoint Residential Trust stock in a transaction on Friday, December 19th. The shares were sold at an average price of $28.05, for a total transaction of $237,078.60. Following the completion of the transaction, the director directly owned 52,448 shares of the company’s stock, valued at $1,471,166.40. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 37,748 shares of company stock valued at $1,090,618 in the last ninety days. 15.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of large investors have recently made changes to their positions in the company. DigitalBridge Group Inc. bought a new position in NexPoint Residential Trust during the 3rd quarter valued at about $7,443,000. CSM Advisors LLC purchased a new position in shares of NexPoint Residential Trust during the second quarter valued at approximately $4,937,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NexPoint Residential Trust by 436.3% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,258 shares of the financial services provider’s stock valued at $4,004,000 after buying an additional 101,088 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of NexPoint Residential Trust in the second quarter worth approximately $3,046,000. Finally, Jane Street Group LLC purchased a new stake in shares of NexPoint Residential Trust in the first quarter worth approximately $3,410,000. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Down 2.2%

NXRT opened at $29.59 on Thursday. The stock has a market cap of $750.28 million, a price-to-earnings ratio of -15.41 and a beta of 1.19. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s fifty day moving average is $30.22 and its 200 day moving average is $31.51. NexPoint Residential Trust has a fifty-two week low of $27.69 and a fifty-two week high of $43.13.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $62.83 million for the quarter, compared to the consensus estimate of $63.04 million. NexPoint Residential Trust had a negative return on equity of 13.32% and a negative net margin of 19.23%. On average, sell-side analysts forecast that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

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.