BROOKFIELD Corp ON Purchases 101,459 Shares of NexPoint Residential Trust, Inc. $NXRT

Key Points

• BROOKFIELD Corp ON increased its stake in NexPoint Residential Trust by 109.7%, acquiring an additional 101,459 shares for a total of $7.67 million.
• NexPoint Residential Trust announced a quarterly dividend of $0.51 per share, yielding 5.9%, with the payment to be made on September 30th.
• The company reported a loss in earnings per share of $0.80 for the last quarter, below the consensus estimate of $0.81, and set FY 2025 guidance at $2.75 EPS.

BROOKFIELD Corp ON raised its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 109.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 193,982 shares of the financial services provider's stock after purchasing an additional 101,459 shares during the quarter. BROOKFIELD Corp ON owned 0.77% of NexPoint Residential Trust worth $7,668,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew its stake 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 purchasing an additional 589 shares during the period. New Age Alpha Advisors LLC bought a new position in NexPoint Residential Trust in the first quarter worth approximately $53,000. Quantbot Technologies LP bought a new position in NexPoint Residential Trust in the first quarter worth approximately $56,000. Vestcor Inc bought a new position in NexPoint Residential Trust in the first quarter worth approximately $102,000. Finally, Strs Ohio bought a new position in NexPoint Residential Trust in the first quarter worth approximately $158,000. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $34.31 on Friday. The stock has a market cap of $870.18 million, a price-to-earnings ratio of -17.51, a PEG ratio of 2.01 and a beta of 1.04. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 4.22. The business has a 50-day simple moving average of $33.10 and a two-hundred day simple moving average of $35.29. NexPoint Residential Trust, Inc. has a 52 week low of $29.98 and a 52 week high of $48.31.

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

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 5.9%. NexPoint Residential Trust's payout ratio is currently -104.08%.

Insider Buying and Selling

In related news, Director Brian Mitts sold 5,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $30.92, for a total value of $154,600.00. Following the transaction, the director directly owned 65,900 shares of the company's stock, valued at approximately $2,037,628. The trade was a 7.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Richards purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the completion of the acquisition, the insider owned 24,689 shares in the company, valued at $812,761.88. This represents a 25.39% increase in their position. The disclosure for this purchase can be found here. 15.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NXRT has been the topic of several recent research reports. Citizens Jmp downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. JMP Securities restated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Raymond James Financial cut NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Truist Financial reduced their price target on NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating for the company in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $40.88.

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.

Want to see what other hedge funds are holding NXRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.