NexPoint Residential Trust, Inc. (NYSE:NXRT) Stock Has Average Price Target of $24.50

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have earned an average rating of “Reduce” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.50.

NXRT has been the topic of a number of recent research reports. Zacks Research cut shares of NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Truist Financial lowered their target price on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday. Weiss Ratings reissued a “sell (d+)” rating on shares of NexPoint Residential Trust in a report on Friday, July 31st. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th.

NexPoint Residential Trust Stock Down 3.3%

NXRT stock opened at $18.86 on Tuesday. 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 company has a market capitalization of $481.92 million, a price-to-earnings ratio of -14.18, a PEG ratio of 0.50 and a beta of 1.19. NexPoint Residential Trust has a fifty-two week low of $18.52 and a fifty-two week high of $32.36. The stock has a fifty day moving average of $23.48 and a 200-day moving average of $25.99.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.03. The business had revenue of $64.61 million for the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. As a group, equities research analysts predict that NexPoint Residential Trust will post 2.24 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 11.2%. NexPoint Residential Trust’s dividend payout ratio is -159.40%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NXRT. BlackRock Inc. bought a new stake in shares of NexPoint Residential Trust during the second quarter valued at about $118,748,000. Marnell Management LLC bought a new position in shares of NexPoint Residential Trust in the fourth quarter valued at approximately $5,220,000. Flax Pond Capital LLC bought a new position in shares of NexPoint Residential Trust in the first quarter valued at approximately $4,047,000. Bank of New York Mellon Corp bought a new position in shares of NexPoint Residential Trust in the second quarter valued at approximately $4,002,000. Finally, Legal & General Group Plc grew its stake in NexPoint Residential Trust by 5.2% during the fourth quarter. Legal & General Group Plc now owns 141,965 shares of the financial services provider’s stock valued at $4,273,000 after acquiring an additional 7,080 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

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.