Bank of New York Mellon Corp Purchases New Position in NexPoint Residential Trust, Inc. $NXRT

Key Points

• Bank of New York Mellon bought 143,352 shares of NexPoint Residential Trust, valued at approximately $4 million, giving it a 0.56% stake. Institutional investors collectively own 76.61% of NXRT.
• Analyst sentiment remains cautious: four analysts rate the stock Hold and two rate it Sell, producing a consensus “Reduce” rating and an average price target of $22, below its recent $23.72 price.
• NexPoint declared a quarterly dividend of $0.53 per share, or $2.12 annualized, representing an 8.9% yield. Its latest quarterly revenue exceeded estimates, although the company reported a loss and negative net margin.

Bank of New York Mellon Corp bought a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 143,352 shares of the financial services provider's stock, valued at approximately $4,002,000. Bank of New York Mellon Corp owned approximately 0.56% of NexPoint Residential Trust as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in NexPoint Residential Trust by 29.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 397 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in NexPoint Residential Trust by 27.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 386 shares during the period. Tower Research Capital LLC TRC lifted its holdings in NexPoint Residential Trust by 121.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider's stock valued at $88,000 after buying an additional 1,455 shares during the period. IFM Investors Pty Ltd bought a new position in shares of NexPoint Residential Trust in the 1st quarter worth $90,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in NexPoint Residential Trust during the fourth quarter worth about $96,000. Institutional investors and hedge funds own 76.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Truist Financial reduced their price target on shares of NexPoint Residential Trust from $27.00 to $26.00 and set a "hold" rating on the stock in a research report on Tuesday, June 30th. Zacks Research lowered shares of NexPoint Residential Trust from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Weiss Ratings reiterated a "sell (d+)" rating on shares of NexPoint Residential Trust in a report on Friday, July 31st. Citizens Jmp reissued a "market perform" rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Finally, Wall Street Zen raised NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 4th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $22.00.

NexPoint Residential Trust Trading Up 0.1%

Shares of NYSE:NXRT opened at $23.72 on Friday. The company's 50-day moving average price is $25.83 and its two-hundred day moving average price is $26.93. The company has a debt-to-equity ratio of 6.41, a current ratio of 1.92 and a quick ratio of 1.92. NexPoint Residential Trust, Inc. has a one year low of $23.10 and a one year high of $34.87. The stock has a market capitalization of $606.05 million, a PE ratio of -17.83 and a beta of 1.15.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) 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. On average, equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.38 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, September 15th. NexPoint Residential Trust's dividend payout ratio (DPR) is -159.40%.

NexPoint Residential Trust Company 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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