NexPoint Residential Trust, Inc. $NXRT Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has reduced its holdings in NexPoint Residential Trust by 15.2% in the first quarter, now owning 168,521 shares valued at approximately $6.66 million.
• Several analysts have downgraded NexPoint Residential Trust's stock ratings recently, with updates including a cut in the target price from $38.00 to $34.00 and a "hold" rating from Truist Financial.
• The company declared a quarterly dividend of $0.51, set to be paid on September 30th, representing an annualized dividend yield of 6.3% despite a negative payout ratio of -104.08%.

Russell Investments Group Ltd. cut its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,521 shares of the financial services provider's stock after selling 30,157 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.67% of NexPoint Residential Trust worth $6,662,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NXRT. Farther Finance Advisors LLC grew its holdings in shares of 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 valued at $25,000 after purchasing an additional 589 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of NexPoint Residential Trust during the fourth quarter valued at approximately $35,000. New Age Alpha Advisors LLC bought a new position in shares of NexPoint Residential Trust during the first quarter valued at approximately $53,000. Vestcor Inc bought a new position in shares of NexPoint Residential Trust during the first quarter valued at approximately $102,000. Finally, Quantinno Capital Management LP grew its holdings in shares of 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 valued at $287,000 after purchasing an additional 804 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NXRT shares. Compass Point reaffirmed a "neutral" rating and set a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Truist Financial lowered their target price 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. Wall Street Zen raised NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday. Citizens Jmp lowered NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Finally, JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NexPoint Residential Trust has a consensus rating of "Hold" and a consensus target price of $41.50.

NexPoint Residential Trust Stock Performance

NXRT stock traded up $1.2540 on Friday, reaching $33.5140. The company's stock had a trading volume of 231,134 shares, compared to its average volume of 195,008. NexPoint Residential Trust, Inc. has a 52 week low of $29.98 and a 52 week high of $48.37. The company 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. The firm has a fifty day moving average of $32.96 and a two-hundred day moving average of $35.83. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.89 and a quick ratio of 1.89.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $63.10 million during 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. As a group, analysts predict that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal 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 given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, September 15th. NexPoint Residential Trust's dividend payout ratio is -104.08%.

Insiders Place Their Bets

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