Hsbc Holdings PLC Sells 56,935 Shares of NexPoint Residential Trust, Inc. $NXRT

Key Points

• Hsbc Holdings PLC cut its NexPoint Residential Trust stake by 81% in the second quarter, selling 56,935 shares and retaining 13,320 shares worth approximately $369,000. Institutional investors collectively own 76.61% of NXRT.
• Analyst sentiment remains cautious, with four Hold ratings and two Sell ratings producing a consensus “Reduce” rating and an average price target of $24.50.
• NXRT shares opened at $22.03 after declining 3.7%, near their 52-week low of $22.00. The company reported quarterly revenue of $64.61 million and declared a $0.53-per-share quarterly dividend, representing a 9.6% annualized yield.

Hsbc Holdings PLC lowered its position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 81.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,320 shares of the financial services provider's stock after selling 56,935 shares during the period. Hsbc Holdings PLC owned 0.05% of NexPoint Residential Trust worth $369,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NXRT. PNC Financial Services Group Inc. grew its stake in NexPoint Residential Trust by 29.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider's stock worth $43,000 after purchasing an additional 397 shares during the period. Cetera Investment Advisers lifted its position in NexPoint Residential Trust by 5.6% during the first quarter. Cetera Investment Advisers now owns 9,378 shares of the financial services provider's stock valued at $234,000 after buying an additional 498 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in shares of NexPoint Residential Trust by 6.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,711 shares of the financial services provider's stock valued at $242,000 after buying an additional 596 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of NexPoint Residential Trust by 3.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 32,000 shares of the financial services provider's stock worth $963,000 after buying an additional 1,000 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of NexPoint Residential Trust by 44.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,550 shares of the financial services provider's stock worth $99,000 after buying an additional 1,088 shares during the period. Institutional investors own 76.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial lowered their price target on shares of NexPoint Residential Trust from $27.00 to $26.00 and set a "hold" rating for the company in a research report on Tuesday, June 30th. Weiss Ratings reiterated a "sell (d+)" rating on shares of NexPoint Residential Trust in a report on Friday, July 31st. Citizens Jmp restated a "market perform" rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Wall Street Zen raised NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 4th. Finally, Zacks Research downgraded NexPoint Residential Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $24.50.

NexPoint Residential Trust Trading Down 3.7%

NexPoint Residential Trust stock opened at $22.03 on Wednesday. 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 $22.00 and a one year high of $33.34. The stock has a market capitalization of $562.89 million, a PE ratio of -16.56, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15. The business's fifty day moving average is $25.04 and its 200 day moving average is $26.57.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $64.61 million for 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, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.25 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 9.6%. NexPoint Residential Trust's dividend payout ratio is presently -159.40%.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc is a real estate investment trust (REIT) that owns and operates multifamily apartment communities in the United States. The company focuses primarily on workforce housing and value-add properties, seeking to improve communities through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust's portfolio has historically been concentrated in the Sun Belt, including markets across the southeastern and southwestern United States.

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