NexPoint Residential Trust, Inc. (NYSE:NXRT) Stock Has Average Target Price of $20.50 According to Brokerages

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been assigned an average recommendation of “Reduce” from the six brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $20.50.

A number of brokerages have weighed in on NXRT. Truist Financial reduced their price target on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, September 29th. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Citizens Jmp restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft set a $23.00 price objective on shares of NexPoint Residential Trust in a research report on Wednesday, September 9th.

NexPoint Residential Trust Trading Down 2.9%

NYSE:NXRT opened at $17.83 on Friday. The stock’s 50 day moving average price is $21.02 and its 200 day moving average price is $26.06. NexPoint Residential Trust has a 52 week low of $17.62 and a 52 week high of $32.36. The company has a market capitalization of $455.66 million, a P/E ratio of -13.41, a P/E/G ratio of 0.33 and a beta of 1.18. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92.

NexPoint Residential Trust (NYSE:NXRT) last posted 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. The firm 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. On average, research analysts forecast that NexPoint Residential Trust will post 2.23 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 11.9%. NexPoint Residential Trust’s payout ratio is currently -159.40%.

Insider Activity at NexPoint Residential Trust

In other news, insider Matt Mcgraner bought 5,500 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was acquired at an average cost of $18.42 per share, for a total transaction of $101,310.00. Following the completion of the purchase, the insider owned 361,605 shares of the company’s stock, valued at $6,660,764.10. This trade represents a 1.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 16.63% of the company’s stock.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at $118,748,000. Flax Pond Capital LLC acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter valued at about $4,047,000. Bank of New York Mellon Corp acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at about $4,002,000. Principal Financial Group Inc. boosted its position in shares of NexPoint Residential Trust by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 106,249 shares of the financial services provider’s stock valued at $2,656,000 after acquiring an additional 2,146 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in NexPoint Residential Trust by 1.7% in the first quarter. Bank of America Corp DE now owns 80,206 shares of the financial services provider’s stock valued at $2,005,000 after acquiring an additional 1,346 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.