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. decreased its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,495,053 shares of the financial services provider's stock after selling 46,715 shares during the period. Vanguard Group Inc. owned approximately 9.87% of NexPoint Residential Trust worth $98,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXRT. Raymond James Financial Inc. purchased a new position in shares of NexPoint Residential Trust in the 4th quarter valued at $575,000. Barclays PLC increased its holdings in NexPoint Residential Trust by 80.3% in the 4th quarter. Barclays PLC now owns 120,467 shares of the financial services provider's stock valued at $5,028,000 after purchasing an additional 53,636 shares in the last quarter. First Trust Advisors LP purchased a new position in NexPoint Residential Trust in the fourth quarter valued at about $2,590,000. MetLife Investment Management LLC lifted its stake in shares of NexPoint Residential Trust by 6.6% during the fourth quarter. MetLife Investment Management LLC now owns 14,416 shares of the financial services provider's stock worth $602,000 after purchasing an additional 887 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted 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 during the period. 76.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Truist Financial lowered their price objective on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating for the company in a research report on Tuesday, August 12th. Raymond James Financial cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Compass Point reaffirmed a "neutral" rating and set a $42.50 price target (down previously from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $41.50.

NexPoint Residential Trust Stock Down 1.3%

NXRT traded down $0.4250 during trading on Monday, hitting $33.1050. The company had a trading volume of 123,090 shares, compared to its average volume of 202,383. 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 $839.54 million, a PE ratio of 10.44, a P/E/G ratio of 2.01 and a beta of 1.04. The business has a 50-day moving average of $32.96 and a 200-day moving average of $35.75.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released 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 company had revenue of $63.10 million during the quarter, compared to the consensus estimate 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 forecast that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, September 15th. NexPoint Residential Trust's dividend payout ratio (DPR) is currently -104.08%.

Insider Buying and Selling

In other news, insider Paul Richards bought 5,000 shares of the firm's stock in a transaction dated 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 owned 24,689 shares in the company, valued at $812,761.88. The trade was a 25.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 15.36% of the stock is currently owned by corporate insiders.

NexPoint Residential Trust Company 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.