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 reduced its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 90.3% in the 1st quarter, according to its most recent 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 quarter. Deutsche Bank AG owned approximately 0.15% of NexPoint Residential Trust worth $1,461,000 at the end of the most recent reporting period.

Other hedge funds also recently 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 worth $25,000 after acquiring an additional 589 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of NexPoint Residential Trust in the 4th quarter valued at approximately $35,000. New Age Alpha Advisors LLC acquired a new stake in shares of NexPoint Residential Trust in the 1st quarter valued at approximately $53,000. Vestcor Inc acquired a new stake in shares of NexPoint Residential Trust in the 1st quarter valued at approximately $102,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of NexPoint Residential Trust by 13.3% in the 4th quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider's stock valued at $287,000 after buying an additional 804 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on NXRT shares. Citizens Jmp downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Compass Point reissued a "neutral" rating and issued a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Truist Financial cut their price objective on NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating for the company 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $41.50.

Insider Buying and Selling at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards purchased 5,000 shares of the stock in a transaction on 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 acquisition, the insider directly owned 24,689 shares in the company, valued at approximately $812,761.88. The trade was a 25.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 15.36% of the stock is currently owned by insiders.

NexPoint Residential Trust Stock Up 0.9%

NXRT stock traded up $0.31 during mid-day trading on Thursday, reaching $33.93. 172,266 shares of the company traded hands, compared to its average volume of 189,238. The firm's 50 day moving average price is $32.98 and its 200 day moving average price is $35.67. NexPoint Residential Trust, Inc. has a fifty-two week low of $29.98 and a fifty-two week high of $48.37. The stock has a market cap of $860.46 million, a price-to-earnings ratio of -17.31, a P/E/G ratio of 2.02 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.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced 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). The business had revenue of $63.10 million during the quarter, compared to the consensus estimate of $63.32 million. NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, equities research analysts predict that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 6.0%. NexPoint Residential Trust's dividend payout ratio (DPR) is currently -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.