NexPoint Residential Trust (NYSE:NXRT) Stock Breaks Below 50 Day Moving Average on Analyst Downgrade

NexPoint Residential Trust, Inc. (NYSE:NXRT) shares passed below its 50-day moving average during trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock has a 50-day moving average of $22.38 and traded as low as $19.03. NexPoint Residential Trust shares last traded at $19.27, with a volume of 536,354 shares changing hands.

Other equities research analysts also recently issued reports about the company. Weiss Ratings downgraded NexPoint Residential Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Citizens Jmp reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $23.00 target price on shares of NexPoint Residential Trust in a research report on Wednesday, September 9th. Finally, Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, NexPoint Residential Trust currently has an average rating of “Reduce” and a consensus price target of $20.50.

Insider Buying and Selling

In other news, insider Matt Mcgraner purchased 5,500 shares of the business’s stock in a transaction on Monday, October 5th. The shares were acquired at an average price of $18.42 per share, for a total transaction of $101,310.00. Following the completion of the acquisition, the insider owned 361,605 shares in the company, valued at approximately $6,660,764.10. The trade was a 1.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.63% of the stock is owned by insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of institutional investors have recently modified their holdings of the company. Allworth Financial LP bought a new position in shares of NexPoint Residential Trust in the second quarter valued at approximately $33,000. Ameritas Advisory Services LLC purchased a new position in shares of NexPoint Residential Trust during the second quarter valued at approximately $39,000. PNC Financial Services Group Inc. boosted its position in shares of 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 valued at $43,000 after buying an additional 397 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of NexPoint Residential Trust during the second quarter valued at approximately $51,000. Finally, GAMMA Investing LLC grew its holdings in NexPoint Residential Trust by 44.2% during the second quarter. GAMMA Investing LLC now owns 3,550 shares of the financial services provider’s stock worth $99,000 after buying an additional 1,088 shares in the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Price Performance

The company has a fifty day moving average of $22.13 and a 200-day moving average of $25.56. The firm has a market cap of $475.89 million, a P/E ratio of 6.33, a P/E/G ratio of 0.47 and a beta of 1.18. The company has a debt-to-equity ratio of 6.41, a current ratio of 1.92 and a quick ratio of 1.92.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.03. The business had revenue of $64.61 million for the quarter, compared to analysts’ expectations of $63.78 million. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, sell-side analysts anticipate that NexPoint Residential Trust, Inc. will post 2.24 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.53 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.12 annualized dividend and a yield of 11.4%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -159.40%.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc (NYSE:NXRT) is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.

NexPoint Residential Trust’s portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.