NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Average Rating of “Reduce” by Analysts

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have received a consensus rating of “Reduce” from the eight research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $39.8750.

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Thursday, January 22nd. Truist Financial dropped their price target on shares of NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Finally, 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.

NexPoint Residential Trust Price Performance

NYSE NXRT opened at $29.76 on Monday. The business’s fifty day moving average is $30.00 and its 200 day moving average is $31.19. NexPoint Residential Trust has a fifty-two week low of $27.69 and a fifty-two week high of $43.13. 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 company has a market capitalization of $754.66 million, a PE ratio of -15.50 and a beta of 1.19.

Insider Transactions at NexPoint Residential Trust

In other news, Director Brian Mitts sold 8,452 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $28.05, for a total value of $237,078.60. Following the completion of the transaction, the director owned 52,448 shares of the company’s stock, valued at $1,471,166.40. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 15.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in shares of NexPoint Residential Trust by 205.0% during the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock valued at $27,000 after buying an additional 576 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of NexPoint Residential Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 386 shares during the last quarter. Versant Capital Management Inc grew its stake in NexPoint Residential Trust by 334.3% during the third quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,491 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in NexPoint Residential Trust by 121.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 1,455 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in NexPoint Residential Trust in the 4th quarter worth $96,000. 76.61% of the stock is currently owned by institutional investors.

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.