NexPoint Residential Trust (NYSE:NXRT) Rating Increased to Hold at Wall Street Zen

NexPoint Residential Trust (NYSE:NXRT) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

NXRT has been the subject of several other research reports. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Tuesday, March 10th. Truist Financial lowered their target price on NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Tuesday. Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, Weiss Ratings raised NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $26.00.

NexPoint Residential Trust Stock Up 0.3%

Shares of NYSE NXRT opened at $28.79 on Friday. The firm’s 50-day simple moving average is $28.48 and its 200 day simple moving average is $28.34. The company has a market cap of $733.93 million, a price-to-earnings ratio of -22.67 and a beta of 1.18. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 5.75. NexPoint Residential Trust has a 12-month low of $23.79 and a 12-month high of $35.08.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.10. NexPoint Residential Trust had a negative net margin of 12.67% and a negative return on equity of 10.30%. The firm had revenue of $63.54 million during the quarter, compared to analysts’ expectations of $63.20 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.570-2.570 EPS. On average, research analysts expect that NexPoint Residential Trust will post 2.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NexPoint Residential Trust

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in NexPoint Residential Trust by 214.2% in the second quarter. Versant Capital Management Inc now owns 4,389 shares of the financial services provider’s stock valued at $123,000 after buying an additional 2,992 shares during the period. Flax Pond Capital LLC acquired a new position in shares of NexPoint Residential Trust during the 1st quarter worth about $4,047,000. Bank of America Corp DE grew its position in shares of NexPoint Residential Trust by 1.7% during the 1st quarter. Bank of America Corp DE now owns 80,206 shares of the financial services provider’s stock worth $2,005,000 after buying an additional 1,346 shares during the period. Royal Bank of Canada grew its position in shares of NexPoint Residential Trust by 4.3% during the 1st quarter. Royal Bank of Canada now owns 49,239 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 2,013 shares during the period. Finally, Sei Investments Co. increased its stake in shares of NexPoint Residential Trust by 2.7% in the 1st quarter. Sei Investments Co. now owns 46,558 shares of the financial services provider’s stock valued at $1,167,000 after acquiring an additional 1,242 shares during the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

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.