NexPoint Residential Trust (NYSE:NXRT) Stock Rating Lowered by Wall Street Zen

NexPoint Residential Trust (NYSE:NXRT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently weighed in on NXRT. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Zacks Research lowered shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Truist Financial lowered their target price on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, September 29th. Finally, Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, NexPoint Residential Trust currently has a consensus rating of “Reduce” and a consensus target price of $20.50.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $16.29 on Friday. The business’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $25.59. The company has a market cap of $416.11 million, a PE ratio of -11.08, a PEG ratio of 0.28 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 7.10. NexPoint Residential Trust has a 12-month low of $16.06 and a 12-month high of $32.36.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.04). The business had revenue of $64.47 million for the quarter, compared to analysts’ expectations of $64.87 million. NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. Analysts expect that NexPoint Residential Trust will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Matt Mcgraner acquired 5,500 shares of NexPoint Residential Trust stock in a transaction dated Monday, October 5th. The stock was purchased 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 directly owned 361,605 shares in the company, valued at $6,660,764.10. This trade represents a 1.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.63% of the company’s stock.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of large investors have recently bought and sold shares of NXRT. PNC Financial Services Group Inc. boosted its holdings in NexPoint Residential Trust by 29.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock worth $43,000 after buying an additional 397 shares in the last quarter. Cetera Investment Advisers increased its holdings in NexPoint Residential Trust by 5.6% in the first quarter. Cetera Investment Advisers now owns 9,378 shares of the financial services provider’s stock valued at $234,000 after buying an additional 498 shares in the last quarter. Allworth Financial LP increased its holdings in NexPoint Residential Trust by 95.0% in the second quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider’s stock valued at $33,000 after buying an additional 571 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of NexPoint Residential Trust by 6.5% in the first quarter. Resona Asset Management Co. Ltd. now owns 9,711 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 596 shares during the period. Finally, Burford Brothers Inc. raised its position in shares of NexPoint Residential Trust by 2.9% in the second quarter. Burford Brothers Inc. now owns 24,559 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 690 shares during the period. Hedge funds and other institutional investors 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.