NexPoint Residential Trust (NYSE:NXRT) Downgraded to “Market Perform” Rating by Raymond James

NexPoint Residential Trust (NYSE:NXRT) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday,Finviz reports.

Several other equities analysts have also commented on the stock. StockNews.com lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Compass Point reiterated a “neutral” rating and issued a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday. Truist Financial lifted their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Finally, Jefferies Financial Group increased their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, NexPoint Residential Trust currently has an average rating of “Hold” and an average price target of $44.25.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock opened at $35.58 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a 52 week low of $30.98 and a 52 week high of $48.37. The stock has a market cap of $899.64 million, a price-to-earnings ratio of 20.33, a PEG ratio of 2.34 and a beta of 1.14. The business has a 50-day simple moving average of $37.28 and a 200 day simple moving average of $40.48.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $63.22 million for the quarter, compared to analyst estimates of $63.29 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. On average, research analysts forecast that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

Insider Activity

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,814 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was purchased at an average price of $33.24 per share, with a total value of $193,257.36. Following the completion of the purchase, the insider now directly owns 18,493 shares in the company, valued at approximately $614,707.32. The trade was a 45.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NexPoint Residential Trust by 2.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock worth $531,000 after buying an additional 266 shares during the period. Van ECK Associates Corp increased its holdings in NexPoint Residential Trust by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after buying an additional 336 shares during the period. Capital Square LLC lifted its holdings in shares of NexPoint Residential Trust by 2.9% in the 4th quarter. Capital Square LLC now owns 12,741 shares of the financial services provider’s stock valued at $493,000 after buying an additional 356 shares during the period. Envestnet Asset Management Inc. boosted its holdings in NexPoint Residential Trust by 0.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider’s stock worth $5,892,000 after buying an additional 364 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in NexPoint Residential Trust by 2.0% during the fourth quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider’s stock valued at $951,000 after purchasing an additional 439 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.