Nexpoint Asset Management L.P. Sells 643,406 Shares of NexPoint Residential Trust, Inc. $NXRT

Nexpoint Asset Management L.P. lessened its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 41.2% during the first quarter, HoldingsChannel reports. The fund owned 919,347 shares of the financial services provider’s stock after selling 643,406 shares during the quarter. NexPoint Residential Trust accounts for about 3.2% of Nexpoint Asset Management L.P.’s investment portfolio, making the stock its 9th biggest holding. Nexpoint Asset Management L.P.’s holdings in NexPoint Residential Trust were worth $36,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its stake in NexPoint Residential Trust by 4.6% in the 1st quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock valued at $18,022,000 after buying an additional 19,927 shares during the last quarter. Deutsche Bank AG increased its stake in NexPoint Residential Trust by 2.6% in the 4th quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider’s stock valued at $15,929,000 after buying an additional 9,754 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in NexPoint Residential Trust by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider’s stock valued at $14,266,000 after buying an additional 22,367 shares during the last quarter. Invesco Ltd. increased its stake in NexPoint Residential Trust by 63.9% in the 1st quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock valued at $13,056,000 after buying an additional 128,745 shares during the last quarter. Finally, Millennium Management LLC increased its stake in NexPoint Residential Trust by 15.6% in the 1st quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock valued at $12,993,000 after buying an additional 44,391 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Upgrades and Downgrades

NXRT has been the subject of several analyst reports. Citizens Jmp lowered shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Truist Financial decreased their price objective on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Tuesday, August 12th. JMP Securities reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 23rd. Finally, Raymond James Financial lowered shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, NexPoint Residential Trust has an average rating of “Hold” and an average price target of $41.50.

NexPoint Residential Trust Trading Up 1.7%

Shares of NXRT stock opened at $34.03 on Friday. NexPoint Residential Trust, Inc. has a 12-month low of $29.98 and a 12-month high of $48.31. The firm has a market cap of $862.95 million, a P/E ratio of -17.36, a PEG ratio of 2.01 and a beta of 1.04. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 4.22. The company has a 50 day moving average of $33.03 and a 200-day moving average of $35.46.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. The business had revenue of $63.10 million during the quarter, compared to analysts’ expectations of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Sell-side analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Monday, September 15th. NexPoint Residential Trust’s payout ratio is -104.08%.

Insiders Place Their Bets

In other news, insider Paul Richards purchased 5,000 shares of NexPoint Residential Trust stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the transaction, the insider directly owned 24,689 shares of the company’s stock, valued at approximately $812,761.88. This trade represents a 25.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Mitts sold 5,000 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $30.92, for a total transaction of $154,600.00. Following the transaction, the director owned 65,900 shares of the company’s stock, valued at $2,037,628. This trade represents a 7.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.36% of the stock is owned by insiders.

NexPoint Residential Trust Company Profile

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.