Raymond James Financial Reiterates Underperform Rating for NexPoint Residential Trust (NYSE:NXRT)

NexPoint Residential Trust (NYSE:NXRT)‘s stock had its “underperform” rating reissued by Raymond James Financial in a report issued on Friday, Marketbeat reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Finally, Truist Financial lowered their price objective on NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, NexPoint Residential Trust currently has an average rating of “Reduce” and a consensus price target of $39.88.

NexPoint Residential Trust Stock Down 1.8%

NXRT opened at $28.23 on Friday. The company has a debt-to-equity ratio of 5.27, a quick ratio of 1.49 and a current ratio of 2.27. NexPoint Residential Trust has a 1 year low of $27.69 and a 1 year high of $43.13. The firm has a 50 day moving average price of $30.07 and a 200 day moving average price of $31.07. The company has a market cap of $715.91 million, a PE ratio of -22.23 and a beta of 1.19.

Insider Buying and Selling at NexPoint Residential Trust

In related 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 value of $237,078.60. Following the transaction, the director owned 52,448 shares in the company, valued at $1,471,166.40. This trade represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 15.36% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of NexPoint Residential Trust by 205.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 576 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in NexPoint Residential Trust by 27.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 386 shares during the last quarter. Versant Capital Management Inc increased its stake in NexPoint Residential Trust by 334.3% in the third quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,491 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in NexPoint Residential Trust by 121.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock worth $88,000 after buying an additional 1,455 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of NexPoint Residential Trust during the fourth quarter worth about $96,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

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.