Focus Partners Advisor Solutions LLC Makes New Investment in NexPoint Residential Trust, Inc. $NXRT

Key Points

• Focus Partners Advisor Solutions LLC invested approximately $285,000 in NexPoint Residential Trust, acquiring 7,215 shares of the company in the first quarter.
• NexPoint Residential Trust recently declared a quarterly dividend of $0.51 per share, resulting in a 5.9% dividend yield for investors.
• The company's latest earnings report showed a miss on consensus EPS estimates, with a reported $0.80 EPS compared to an expected $0.81 EPS, indicating potential challenges ahead for NexPoint Residential Trust.

Focus Partners Advisor Solutions LLC bought a new stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,215 shares of the financial services provider's stock, valued at approximately $285,000.

A number of other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings 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 purchasing an additional 589 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of NexPoint Residential Trust in the first quarter valued at approximately $53,000. Quantbot Technologies LP acquired a new stake in shares of NexPoint Residential Trust in the first quarter valued at approximately $56,000. Vestcor Inc acquired a new stake in NexPoint Residential Trust during the first quarter worth $102,000. Finally, EntryPoint Capital LLC acquired a new stake in NexPoint Residential Trust during the first quarter worth $213,000. Institutional investors and hedge funds own 76.61% of the company's stock.

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock traded up $0.61 on Thursday, hitting $34.11. The stock had a trading volume of 59,597 shares, compared to its average volume of 151,131. NexPoint Residential Trust, Inc. has a 52-week low of $29.98 and a 52-week high of $48.31. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. The stock has a market cap of $865.03 million, a price-to-earnings ratio of -17.40, a P/E/G ratio of 2.04 and a beta of 1.04. The company's 50 day moving average price is $33.09 and its 200 day moving average price is $35.32.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $63.10 million during the quarter, compared to analysts' expectations 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. On average, research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, September 15th. NexPoint Residential Trust's payout ratio is -104.08%.

Insider Activity

In related news, Director Brian Mitts sold 5,000 shares of the business's stock in a transaction dated 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 owned 65,900 shares in the company, valued at $2,037,628. The trade was a 7.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul Richards purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was bought at an average price of $32.92 per share, for a total transaction of $164,600.00. Following the transaction, the insider directly owned 24,689 shares in the company, valued at $812,761.88. This trade represents a 25.39% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 15.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NXRT shares. Raymond James Financial cut NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Citizens Jmp lowered NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Zacks Research lowered NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. JMP Securities restated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $40.88.

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.