NexPoint Residential Trust, Inc. $NXRT Shares Sold by Vanguard Group Inc.

Key Points

• The Vanguard Group Inc. has reduced its stake in NexPoint Residential Trust, Inc. by 1.8%, now owning approximately 9.87% of the company, equivalent to $98.6 million.
• Several analysts have lowered their price targets for NXRT, with a consensus rating of "Hold" and a target price of $41.50.
• NexPoint Residential Trust announced a quarterly dividend of $0.51 per share, representing an annualized yield of 6.1%, despite a payout ratio of -104.08%.

Vanguard Group Inc. reduced its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,495,053 shares of the financial services provider's stock after selling 46,715 shares during the quarter. Vanguard Group Inc. owned about 9.87% of NexPoint Residential Trust worth $98,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of NexPoint Residential Trust by 1,732.4% in the 1st 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. Johnson Financial Group Inc. purchased a new position in shares of NexPoint Residential Trust in the 4th quarter valued at approximately $35,000. New Age Alpha Advisors LLC purchased a new position in shares of NexPoint Residential Trust in the 1st quarter valued at approximately $53,000. Vestcor Inc purchased a new position in shares of NexPoint Residential Trust in the 1st quarter valued at approximately $102,000. Finally, Quantinno Capital Management LP raised its position 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 purchasing an additional 804 shares during the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NexPoint Residential Trust

In related news, insider Paul Richards purchased 5,000 shares of the company's stock in a transaction that occurred 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 purchase, the insider owned 24,689 shares of the company's stock, valued at $812,761.88. The trade was a 25.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 15.36% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citizens Jmp downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Truist Financial cut their price target on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating on the stock in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Finally, Compass Point reiterated a "neutral" rating and issued a $42.50 price target (down previously from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $41.50.

NexPoint Residential Trust Stock Performance

Shares of NYSE NXRT traded up $0.31 during midday trading on Thursday, reaching $33.93. 172,266 shares of the stock were exchanged, compared to its average volume of 189,238. The firm has a market cap of $860.46 million, a price-to-earnings ratio of -17.31, a PEG ratio of 2.02 and a beta of 1.04. NexPoint Residential Trust, Inc. has a twelve month low of $29.98 and a twelve month high of $48.37. The firm has a 50-day simple moving average of $32.98 and a two-hundred day simple moving average of $35.67. 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 issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.01). The firm had revenue of $63.10 million for the quarter, compared to analyst estimates of $63.32 million. NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.0%. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -104.08%.

About NexPoint Residential Trust

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.