Bank of America Corp DE Makes New $1.59 Million Investment in NexPoint Residential Trust, Inc. $NXRT

Key Points

• Bank of America acquired 56,989 shares of NexPoint Residential Trust during the second quarter, worth approximately $1.59 million and representing about 0.22% of the company. Institutional investors collectively own 76.61% of NXRT.
• NXRT reported quarterly revenue of $64.61 million and adjusted its EPS outlook to $2.45 for fiscal 2026, while quarterly EPS of negative $0.34 exceeded analyst estimates.
• The stock opened at $18.86, near its 52-week low, and analysts maintain a cautious outlook: consensus is “Reduce” with an average price target of $20.50. The company’s $0.53 quarterly dividend implies an 11.2% yield, despite a negative payout ratio.

Bank of America Corp DE purchased a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 56,989 shares of the financial services provider's stock, valued at approximately $1,591,000. Bank of America Corp DE owned approximately 0.22% of NexPoint Residential Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jupiter Topco LLC acquired a new position in shares of NexPoint Residential Trust in the second quarter worth about $280,000. Hsbc Holdings PLC acquired a new stake in shares of NexPoint Residential Trust during the second quarter valued at approximately $369,000. Canada Pension Plan Investment Board acquired a new stake in shares of NexPoint Residential Trust during the second quarter valued at approximately $307,000. Legal & General Group Plc purchased a new stake in shares of NexPoint Residential Trust in the 2nd quarter valued at approximately $1,311,000. Finally, Capital Square LLC purchased a new stake in shares of NexPoint Residential Trust in the 2nd quarter valued at approximately $262,000. Institutional investors and hedge funds own 76.61% of the company's stock.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $18.86 on Friday. The company has a market capitalization of $481.92 million, a PE ratio of -14.18, a PEG ratio of 0.50 and a beta of 1.19. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92. The company's 50 day moving average price is $23.48 and its 200 day moving average price is $25.99. NexPoint Residential Trust, Inc. has a 52 week low of $18.52 and a 52 week high of $32.36.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.37) by $0.03. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. The company had revenue of $64.61 million during the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. Research analysts expect 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. Investors of record on Tuesday, September 15th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 11.2%. The ex-dividend date was Tuesday, September 15th. NexPoint Residential Trust's dividend payout ratio (DPR) is currently -159.40%.

Analyst Upgrades and Downgrades

NXRT has been the subject of a number of research analyst reports. Weiss Ratings restated a "sell (d+)" rating on shares of NexPoint Residential Trust in a report on Friday, July 31st. Zacks Research downgraded NexPoint Residential Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Truist Financial dropped their price target on NexPoint Residential Trust from $26.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday. Citigroup reissued a "market perform" rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Finally, Wall Street Zen upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 4th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $20.50.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc is a real estate investment trust (REIT) that owns and operates multifamily apartment communities in the United States. The company focuses primarily on workforce housing and value-add properties, seeking to improve communities through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust's portfolio has historically been concentrated in the Sun Belt, including markets across the southeastern and southwestern United States.

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