Charles Schwab Investment Management Inc. Purchases 22,367 Shares of NexPoint Residential Trust, Inc. $NXRT

Key Points

• Charles Schwab Investment Management Inc. increased its stake in NexPoint Residential Trust by 6.6% during the first quarter, owning approximately 360,879 shares valued at $14.26 million.
• Multiple research analysts have issued mixed ratings on NexPoint Residential Trust, with seven analysts rating the stock as a "Hold" and an average target price of $41.50.
• NexPoint Residential Trust declared a quarterly dividend of $0.51 per share, which is set to yield 6.1% annually, despite having a negative dividend payout ratio of -104.08%.

Charles Schwab Investment Management Inc. boosted its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,879 shares of the financial services provider's stock after purchasing an additional 22,367 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.43% of NexPoint Residential Trust worth $14,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in NexPoint Residential Trust by 1,732.4% during the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock worth $25,000 after purchasing an additional 589 shares during the period. Johnson Financial Group Inc. bought a new position in NexPoint Residential Trust during the fourth quarter worth $35,000. New Age Alpha Advisors LLC bought a new position in NexPoint Residential Trust during the first quarter worth $53,000. Vestcor Inc bought a new position in NexPoint Residential Trust during the first quarter worth $102,000. Finally, Quantinno Capital Management LP boosted its position in NexPoint Residential Trust by 13.3% during the fourth quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider's stock worth $287,000 after purchasing an additional 804 shares during the period. 76.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Paul Richards acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average price of $32.92 per share, with a total value of $164,600.00. Following the completion of the transaction, the insider directly owned 24,689 shares of the company's stock, valued at $812,761.88. This trade represents a 25.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.36% of the stock is owned by corporate insiders.

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock traded up $0.51 during trading on Friday, reaching $34.40. The company's stock had a trading volume of 17,904 shares, compared to its average volume of 149,600. The business's 50-day moving average price is $32.98 and its 200-day moving average price is $35.67. The firm has a market cap of $872.26 million, a PE ratio of -17.49, a P/E/G ratio of 2.02 and a beta of 1.04. NexPoint Residential Trust, Inc. has a 52 week low of $29.98 and a 52 week high of $48.37. 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 posted its quarterly earnings data 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). NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%.The firm had revenue of $63.10 million for the quarter, compared to the consensus estimate of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 5.9%. NexPoint Residential Trust's dividend payout ratio is currently -104.08%.

Analysts Set New Price Targets

A number of research firms have commented on NXRT. Wall Street Zen raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd. 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. Truist Financial reduced their target price 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. JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Finally, Citizens Jmp cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Seven 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 target price of $41.50.

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.