Algert Global LLC Has $496,000 Position in NexPoint Residential Trust, Inc. $NXRT

Key Points

• Algert Global cut its NexPoint Residential Trust stake by 79.5% in the second quarter, leaving it with 17,763 shares worth approximately $496,000. Institutional investors and hedge funds collectively own 76.61% of NXRT.
• NXRT opened at $23.62, near its 12-month low of $23.47, while reporting quarterly revenue of $64.61 million and an adjusted loss of $0.34 per share that beat analyst expectations.
• The company declared a quarterly dividend of $0.53, equivalent to a 9.0% annualized yield. Analysts maintain a consensus “Reduce” rating with a $22.00 price target, below the reported share price.

Algert Global LLC lessened its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 79.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,763 shares of the financial services provider's stock after selling 69,050 shares during the period. Algert Global LLC owned about 0.07% of NexPoint Residential Trust worth $496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NXRT. BlackRock Inc. acquired a new stake in NexPoint Residential Trust during the 2nd quarter valued at approximately $118,748,000. Vanguard Group Inc. lifted its position in shares of NexPoint Residential Trust by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,436,034 shares of the financial services provider's stock worth $73,325,000 after purchasing an additional 70,310 shares during the period. State Street Corp boosted its stake in shares of NexPoint Residential Trust by 1.0% in the 4th quarter. State Street Corp now owns 1,298,438 shares of the financial services provider's stock valued at $39,083,000 after purchasing an additional 12,424 shares during the last quarter. Starwood Capital Group Management L.L.C. increased its position in shares of NexPoint Residential Trust by 19.1% during the fourth quarter. Starwood Capital Group Management L.L.C. now owns 989,419 shares of the financial services provider's stock worth $29,782,000 after buying an additional 158,750 shares during the period. Finally, Long Pond Capital LP raised its stake in NexPoint Residential Trust by 54.9% during the fourth quarter. Long Pond Capital LP now owns 842,870 shares of the financial services provider's stock worth $25,370,000 after buying an additional 298,781 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

NexPoint Residential Trust Stock Performance

NYSE NXRT opened at $23.62 on Monday. The company has a fifty day simple moving average of $26.21 and a 200 day simple moving average of $27.14. NexPoint Residential Trust, Inc. has a 12-month low of $23.47 and a 12-month high of $34.87. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 6.41. The company has a market cap of $603.49 million, a P/E ratio of -17.76 and a beta of 1.18.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.03. The firm had revenue of $64.61 million for the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. Sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.38 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 annualized dividend and a yield of 9.0%. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -159.40%.

Analysts Set New Price Targets

NXRT has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $18.00 price target on NexPoint Residential Trust in a report on Monday, July 20th. Weiss Ratings restated a "sell (d+)" rating on shares of NexPoint Residential Trust in a research report on Friday, July 31st. Citigroup restated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Wall Street Zen raised NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 4th. Finally, Zacks Research downgraded NexPoint Residential Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $22.00.

NexPoint Residential Trust Profile

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.

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