Legal & General Group Plc Takes $1.31 Million Position in NexPoint Residential Trust, Inc. $NXRT

Key Points

• Legal & General Group Plc acquired 46,947 NXRT shares worth approximately $1.31 million, while institutional investors and hedge funds collectively own 76.61% of NexPoint Residential Trust.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $22.00 average price target; NXRT recently traded at $23.72.
• NexPoint reported quarterly revenue of $64.61 million and an adjusted loss of $0.34 per share, while declaring a $0.53 quarterly dividend, equivalent to an 8.9% annualized yield.

Legal & General Group Plc acquired a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 46,947 shares of the financial services provider's stock, valued at approximately $1,311,000. Legal & General Group Plc owned approximately 0.18% of NexPoint Residential Trust at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Square LLC acquired a new stake in NexPoint Residential Trust in the second quarter worth about $262,000. Ieq Capital LLC bought a new stake in shares of NexPoint Residential Trust during the 2nd quarter worth about $572,000. Paralel Advisors LLC acquired a new stake in shares of NexPoint Residential Trust in the 2nd quarter worth approximately $2,013,000. Allworth Financial LP bought a new position in shares of NexPoint Residential Trust in the second quarter valued at approximately $33,000. Finally, Pasadena Private Wealth LLC acquired a new position in shares of NexPoint Residential Trust during the second quarter valued at approximately $531,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NXRT. Truist Financial decreased their target price on NexPoint Residential Trust from $27.00 to $26.00 and set a "hold" rating for the company in a research note on Tuesday, June 30th. Citigroup reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of NexPoint Residential Trust in a research note on Monday, July 20th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 4th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of NexPoint Residential Trust in a research report on Friday, July 31st. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $22.00.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $23.72 on Monday. NexPoint Residential Trust, Inc. has a one year low of $23.10 and a one year high of $34.87. The company has a 50-day moving average of $25.83 and a two-hundred day moving average of $26.91. The stock has a market cap of $606.05 million, a price-to-earnings ratio of -17.83 and a beta of 1.15. 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 (NYSE:NXRT - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.03. The business had revenue of $64.61 million for the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, equities research analysts expect that NexPoint Residential Trust, Inc. will post 2.38 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 8.9%. The ex-dividend date is Tuesday, September 15th. NexPoint Residential Trust's payout ratio is presently -159.40%.

About NexPoint Residential Trust

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.

Want to see what other hedge funds are holding NXRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.