Hsbc Holdings PLC Buys 9,091 Shares of NexPoint Residential Trust, Inc. $NXRT

Key Points

• Hsbc Holdings PLC increased its stake in NexPoint Residential Trust by 26.5%, acquiring an additional 9,091 shares in the first quarter, bringing its total ownership to 43,458 shares valued at $1,714,000.
• Company insiders own 15.36% of NexPoint Residential Trust, with Paul Richards purchasing 5,000 shares recently, increasing his position by 25.39%.
• NexPoint Residential Trust reported earnings of $0.80 EPS for the last quarter, slightly missing analysts' estimates, and has declared a quarterly dividend of $0.51 per share to be paid on September 30th.

Hsbc Holdings PLC grew its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 26.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,458 shares of the financial services provider's stock after purchasing an additional 9,091 shares during the period. Hsbc Holdings PLC owned about 0.17% of NexPoint Residential Trust worth $1,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXRT. Raymond James Financial Inc. acquired a new stake in shares of NexPoint Residential Trust in the fourth quarter valued at approximately $575,000. First Trust Advisors LP acquired a new stake in shares of NexPoint Residential Trust in the 4th quarter valued at approximately $2,590,000. MetLife Investment Management LLC boosted its holdings in shares of NexPoint Residential Trust by 6.6% in the 4th quarter. MetLife Investment Management LLC now owns 14,416 shares of the financial services provider's stock valued at $602,000 after buying an additional 887 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of NexPoint Residential Trust by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,844 shares of the financial services provider's stock valued at $370,000 after buying an additional 1,363 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of NexPoint Residential Trust by 18.6% in the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider's stock valued at $18,202,000 after buying an additional 68,471 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Truist Financial cut their price objective on NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating for the company in a 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 report on Thursday, May 15th. Citizens Jmp cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Wall Street Zen raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Finally, Compass Point reaffirmed a "neutral" rating and issued a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $41.50.

NexPoint Residential Trust Stock Performance

NYSE NXRT traded up $0.28 on Wednesday, reaching $33.49. The stock had a trading volume of 154,481 shares, compared to its average volume of 172,363. 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 firm has a fifty day moving average of $33.01 and a two-hundred day moving average of $35.50. NexPoint Residential Trust, Inc. has a 1-year low of $29.98 and a 1-year high of $48.31. The company has a market cap of $849.31 million, a P/E ratio of -17.09, a price-to-earnings-growth ratio of 2.07 and a beta of 1.04.

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). NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. The firm had revenue of $63.10 million during the quarter, compared to analyst estimates of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. On average, equities research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS 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. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Monday, September 15th. NexPoint Residential Trust's dividend payout ratio is currently -104.08%.

Insider Buying and Selling

In other news, insider Paul Richards acquired 5,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were purchased at an average cost of $32.92 per share, with a total value of $164,600.00. Following the acquisition, the insider directly owned 24,689 shares in the company, valued at $812,761.88. This represents a 25.39% increase in their position. The purchase was disclosed in a document filed 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.