Public Sector Pension Investment Board Grows Holdings in NexPoint Residential Trust, Inc. $NXRT

Key Points

• The Public Sector Pension Investment Board increased its stake in NexPoint Residential Trust by 27.0%, owning a total of 70,134 shares valued at approximately $2.77 million.
• NexPoint Residential Trust has recently reported an EPS of $0.80 for the last quarter, missing estimates, and set its FY 2025 guidance at 2.750 EPS.
• The company declared a $0.51 quarterly dividend, with a 6.3% yield, and its dividend payout ratio stands at -104.08%.

Public Sector Pension Investment Board boosted its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 27.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,134 shares of the financial services provider's stock after purchasing an additional 14,896 shares during the period. Public Sector Pension Investment Board owned approximately 0.28% of NexPoint Residential Trust worth $2,772,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake 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 worth $25,000 after purchasing an additional 589 shares during the period. Johnson Financial Group Inc. purchased a new stake in NexPoint Residential Trust during the fourth quarter valued at approximately $35,000. New Age Alpha Advisors LLC bought a new position in NexPoint Residential Trust in the first quarter worth approximately $53,000. Vestcor Inc bought a new position in NexPoint Residential Trust in the first quarter worth approximately $102,000. Finally, Quantinno Capital Management LP boosted its stake in shares of NexPoint Residential Trust by 13.3% during the 4th quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider's stock worth $287,000 after acquiring an additional 804 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Trading Up 3.9%

Shares of NYSE:NXRT traded up $1.2540 during trading hours on Friday, hitting $33.5140. 231,134 shares of the company's stock traded hands, compared to its average volume of 195,008. 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 business has a fifty day moving average price of $32.96 and a 200-day moving average price of $35.83. NexPoint Residential Trust, Inc. has a 1 year low of $29.98 and a 1 year high of $48.37. The firm has a market capitalization of $849.92 million, a P/E ratio of -17.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04.

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 (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 business had revenue of $63.10 million for the quarter, compared to analysts' expectations of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Equities analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 6.1%. The ex-dividend date is Monday, September 15th. NexPoint Residential Trust's dividend payout ratio (DPR) is currently -104.08%.

Insiders Place Their Bets

In related news, insider Paul Richards acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of $32.92 per share, with a total value of $164,600.00. Following 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NXRT shares. Wall Street Zen upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research note on Saturday. Truist Financial reduced their price target on 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. Citizens Jmp downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Finally, Compass Point reaffirmed a "neutral" rating and issued a $42.50 target price (down previously 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 MarketBeat.com, NexPoint Residential Trust currently has a consensus rating of "Hold" and a consensus price target 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.