Invesco Ltd. Grows Stock Position in NexPoint Residential Trust, Inc. $NXRT

Key Points

• Invesco Ltd. increased its stake in NexPoint Residential Trust by 63.9%, acquiring an additional 128,745 shares, which now totals 330,285 shares worth approximately $13.06 million.
• Several institutional investors made significant changes to their positions in NexPoint Residential Trust, with firms like Barclays and Tower Research Capital notably increasing their stakes in the latest quarter.
• NexPoint Residential Trust announced a quarterly dividend of $0.51 per share, set to be paid on September 30th, representing an annualized dividend yield of 6.1% despite a negative dividend payout ratio.

Invesco Ltd. grew its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 63.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,285 shares of the financial services provider's stock after acquiring an additional 128,745 shares during the period. Invesco Ltd. owned 1.31% of NexPoint Residential Trust worth $13,056,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NXRT. Raymond James Financial Inc. purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter worth $575,000. Barclays PLC lifted its position in shares of NexPoint Residential Trust by 80.3% during the fourth quarter. Barclays PLC now owns 120,467 shares of the financial services provider's stock worth $5,028,000 after acquiring an additional 53,636 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter worth $2,590,000. MetLife Investment Management LLC raised its position in shares of NexPoint Residential Trust by 6.6% in the fourth quarter. MetLife Investment Management LLC now owns 14,416 shares of the financial services provider's stock worth $602,000 after buying an additional 887 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of NexPoint Residential Trust by 453.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,707 shares of the financial services provider's stock worth $447,000 after buying an additional 8,771 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXRT. Compass Point reiterated a "neutral" rating and issued a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Truist Financial lowered their price objective 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. Wall Street Zen upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd. 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, Citizens Jmp downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.50.

NexPoint Residential Trust Price Performance

NYSE NXRT traded up $0.51 during trading hours on Friday, reaching $34.40. 18,204 shares of the stock traded hands, compared to its average volume of 149,674. The stock has a 50 day simple moving average of $32.98 and a two-hundred day simple moving average of $35.67. NexPoint Residential Trust, Inc. has a 1 year low of $29.98 and a 1 year high of $48.37. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market cap of $872.26 million, a price-to-earnings ratio of -17.55, a price-to-earnings-growth ratio of 2.02 and a beta of 1.04.

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 company had revenue of $63.10 million for 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. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 5.9%. NexPoint Residential Trust's payout ratio is currently -104.08%.

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were purchased at an average price 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 approximately $812,761.88. This represents a 25.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 15.36% of the company's stock.

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.