AlphaQuest LLC Sells 9,502 Shares of NexPoint Residential Trust, Inc. $NXRT

Key Points

• AlphaQuest LLC sold 9,502 shares of NexPoint Residential Trust, reducing its holdings by 93.4% to just 673 shares worth $27,000.
• NexPoint Residential Trust reported a Q2 EPS of $0.80, missing the consensus estimate of $0.81, with revenue of $63.1 million compared to expectations of $63.32 million.
• The company announced a quarterly dividend of $0.51 per share, representing a 5.9% yield, despite a negative dividend payout ratio of -104.08%.

AlphaQuest LLC decreased its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 93.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 673 shares of the financial services provider's stock after selling 9,502 shares during the period. AlphaQuest LLC's holdings in NexPoint Residential Trust were worth $27,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 valued at $531,000 after purchasing an additional 266 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of NexPoint Residential Trust by 1,732.4% during the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 589 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of NexPoint Residential Trust by 7.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 9,810 shares of the financial services provider's stock valued at $410,000 after acquiring an additional 677 shares in the last quarter. QSV Equity Investors LLC boosted its holdings in shares of NexPoint Residential Trust by 1.9% during the 1st quarter. QSV Equity Investors LLC now owns 39,698 shares of the financial services provider's stock valued at $1,569,000 after acquiring an additional 758 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in shares of NexPoint Residential Trust by 9.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,598 shares of the financial services provider's stock valued at $375,000 after acquiring an additional 801 shares in the last quarter. Institutional investors own 76.61% of the company's stock.

Insider Activity

In other news, insider Paul Richards bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of $32.92 per share, with a total value 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 represents a 25.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Mitts sold 5,000 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $30.92, for a total value of $154,600.00. Following the completion of the sale, the director directly owned 65,900 shares of the company's stock, valued at $2,037,628. The trade was a 7.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NXRT shares. Wall Street Zen raised NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Compass Point reissued a "neutral" rating and set a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Citizens Jmp downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Truist Financial cut their price objective on NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating on the stock in a report on Tuesday, August 12th. Finally, Raymond James Financial downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $41.50.

NexPoint Residential Trust Trading Down 0.3%

Shares of NXRT stock traded down $0.11 during mid-day trading on Monday, hitting $34.57. The company's stock had a trading volume of 176,935 shares, compared to its average volume of 179,750. The company's fifty day simple moving average is $33.08 and its 200-day simple moving average is $35.34. NexPoint Residential Trust, Inc. has a 52 week low of $29.98 and a 52 week high of $48.31. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market cap of $876.57 million, a PE ratio of -17.64, a P/E/G ratio of 2.08 and a beta of 1.04.

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

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 5.9%. NexPoint Residential Trust's dividend payout ratio (DPR) is -104.08%.

NexPoint Residential Trust 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.