Deutsche Bank AG Sells 344,572 Shares of NexPoint Residential Trust, Inc. $NXRT

Key Points

• Deutsche Bank AG significantly reduced its holdings in NexPoint Residential Trust by 90.3%, owning only 36,965 shares worth approximately $1.46 million as of its latest SEC filing.
• NexPoint Residential Trust reported earnings of $0.80 per share, falling short of analysts' expectations, with a revenue of $63.10 million for the quarter.
• The company declared a quarterly dividend of $0.51 per share, representing a 6.1% yield, despite a negative dividend payout ratio of -104.08%.

Deutsche Bank AG trimmed its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 90.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,965 shares of the financial services provider's stock after selling 344,572 shares during the period. Deutsche Bank AG owned about 0.15% of NexPoint Residential Trust worth $1,461,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of NexPoint Residential Trust by 1,732.4% in the first 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. Johnson Financial Group Inc. purchased a new stake in shares of NexPoint Residential Trust in the fourth quarter worth about $35,000. New Age Alpha Advisors LLC purchased a new stake in shares of NexPoint Residential Trust in the first quarter worth about $53,000. Vestcor Inc purchased a new stake in shares of NexPoint Residential Trust in the first quarter worth about $102,000. Finally, Quantinno Capital Management LP lifted its position in shares of NexPoint Residential Trust by 13.3% in the fourth quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider's stock worth $287,000 after buying an additional 804 shares in the last quarter. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Compass Point reiterated a "neutral" rating and issued a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Truist Financial decreased their target price on NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating on the stock in a research report on Tuesday, August 12th. Raymond James Financial downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.50.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards bought 5,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were purchased at an average price of $32.92 per share, with a total value of $164,600.00. Following the completion of the purchase, the insider owned 24,689 shares in the company, valued at $812,761.88. This represents a 25.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 15.36% of the stock is currently owned by company insiders.

NexPoint Residential Trust Trading Down 1.3%

NXRT stock traded down $0.4250 during midday trading on Monday, reaching $33.1050. 123,090 shares of the company traded hands, compared to its average volume of 202,383. NexPoint Residential Trust, Inc. has a 52-week low of $29.98 and a 52-week high of $48.37. 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 business has a 50 day moving average of $32.96 and a 200-day moving average of $35.75. The firm has a market capitalization of $839.54 million, a price-to-earnings ratio of -16.89, a P/E/G ratio of 2.01 and a beta of 1.04.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.01). NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. The company had revenue of $63.10 million for the quarter, compared to analysts' expectations of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 6.2%. NexPoint Residential Trust's dividend payout ratio 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.