Public Sector Pension Investment Board Acquires 14,896 Shares of 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 raised its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 27.0% in the 1st quarter, according to 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 buying an additional 14,896 shares during the quarter. Public Sector Pension Investment Board owned about 0.28% of NexPoint Residential Trust worth $2,772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NexPoint Residential Trust by 2.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 266 shares during the period. Envestnet Asset Management Inc. boosted its position in NexPoint Residential Trust by 0.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider's stock worth $5,892,000 after acquiring an additional 364 shares during the last quarter. Farther Finance Advisors LLC boosted its position in NexPoint Residential Trust by 1,732.4% during the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock worth $25,000 after acquiring an additional 589 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in NexPoint Residential Trust by 7.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 9,810 shares of the financial services provider's stock worth $410,000 after acquiring an additional 677 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in 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 and hedge funds.

NexPoint Residential Trust Stock Performance

NXRT stock traded down $0.4250 during trading hours on Monday, hitting $33.1050. 123,090 shares of the stock were exchanged, compared to its average volume of 202,383. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. The firm has a market capitalization of $839.54 million, a P/E ratio of -16.89, a P/E/G ratio of 2.01 and a beta of 1.04. The company has a 50-day simple moving average of $32.96 and a two-hundred day simple moving average of $35.75. NexPoint Residential Trust, Inc. has a 12 month low of $29.98 and a 12 month high of $48.37.

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). The firm had revenue of $63.10 million for 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. On average, analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 earnings per share 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. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 6.2%. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -104.08%.

Analyst Upgrades and Downgrades

NXRT has been the subject of a number of recent research reports. 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. Wall Street Zen upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research note on Saturday. JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Citizens Jmp cut NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Raymond James Financial cut NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $41.50.

Insiders Place Their Bets

In related news, insider Paul Richards bought 5,000 shares of NexPoint Residential Trust stock in a transaction dated Wednesday, June 25th. The shares were bought at an average cost of $32.92 per share, with a total value of $164,600.00. Following the acquisition, the insider owned 24,689 shares in the company, valued at $812,761.88. This trade represents a 25.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 15.36% of the stock is owned by insiders.

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.