NexPoint Residential Trust (NYSE:NXRT) Hits New 52-Week Low – Time to Sell?

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s stock price reached a new 52-week low on Friday . The company traded as low as $29.85 and last traded at $29.9250, with a volume of 39775 shares changing hands. The stock had previously closed at $30.37.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Zacks Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Finally, Truist Financial decreased their price objective on shares of NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating for the company in a report on Monday, November 17th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $40.13.

NexPoint Residential Trust Price Performance

The business’s 50-day simple moving average is $31.26 and its 200 day simple moving average is $32.62. The company has a market capitalization of $752.58 million, a P/E ratio of -15.47 and a beta of 1.17. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.55.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $62.83 million for the quarter, compared to analyst estimates of $63.04 million. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, sell-side analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.53 dividend. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.51. The ex-dividend date is Monday, December 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.1%. NexPoint Residential Trust’s dividend payout ratio is -106.25%.

Insider Buying and Selling

In other NexPoint Residential Trust news, Director Brian Mitts sold 5,000 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $30.52, for a total transaction of $152,600.00. Following the transaction, the director directly owned 60,900 shares of the company’s stock, valued at $1,858,668. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 15.36% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of NexPoint Residential Trust by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 581,094 shares of the financial services provider’s stock worth $19,363,000 after buying an additional 2,277 shares during the period. Northern Trust Corp boosted its stake in NexPoint Residential Trust by 4.6% in the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock valued at $18,022,000 after acquiring an additional 19,927 shares during the last quarter. Invesco Ltd. boosted its stake in NexPoint Residential Trust by 17.3% in the second quarter. Invesco Ltd. now owns 387,299 shares of the financial services provider’s stock valued at $12,905,000 after acquiring an additional 57,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NexPoint Residential Trust by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider’s stock worth $14,266,000 after acquiring an additional 22,367 shares during the period. Finally, Millennium Management LLC raised its position in shares of NexPoint Residential Trust by 15.6% during the 1st quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock valued at $12,993,000 after acquiring an additional 44,391 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.