NexPoint Residential Trust, Inc. $NXRT Stock Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management cut its NXRT stake by 51.4% in the third quarter, selling 462,355 shares and retaining 437,149 shares valued at approximately $8.5 million. Institutional investors collectively own 76.61% of the company.
• NXRT shares opened at $18.31, near their 52-week low of $18.14 and down 5.0%. The company reported quarterly revenue of $64.61 million and an adjusted EPS loss of $0.34, while maintaining a quarterly dividend of $0.53, equivalent to an annualized yield of about 11.6%.
• Analyst sentiment remains cautious: four analysts rate the stock “Hold” and two rate it “Sell,” giving NXRT an overall “Reduce” consensus and an average price target of $20.50.

Copeland Capital Management LLC cut its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 51.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 437,149 shares of the financial services provider's stock after selling 462,355 shares during the quarter. Copeland Capital Management LLC owned approximately 1.71% of NexPoint Residential Trust worth $8,529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new stake in shares of NexPoint Residential Trust during the second quarter worth $320,000. Integrated Wealth Concepts LLC acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at $51,000. Squarepoint Ops LLC acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at $330,000. Allworth Financial LP boosted its holdings in shares of NexPoint Residential Trust by 95.0% during the 2nd quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 571 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in NexPoint Residential Trust by 9.0% during the 2nd quarter. HighTower Advisors LLC now owns 24,938 shares of the financial services provider's stock worth $696,000 after acquiring an additional 2,052 shares during the last quarter. Institutional investors own 76.61% of the company's stock.

Insider Activity at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Matt Mcgraner purchased 5,500 shares of the business's stock in a transaction on Monday, October 5th. The shares were purchased at an average cost of $18.42 per share, for a total transaction of $101,310.00. Following the acquisition, the insider owned 361,605 shares of the company's stock, valued at approximately $6,660,764.10. This represents a 1.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.63% of the stock is currently owned by insiders.

NexPoint Residential Trust Trading Down 5.0%

Shares of NXRT stock opened at $18.31 on Thursday. NexPoint Residential Trust, Inc. has a 1-year low of $18.14 and a 1-year high of $32.36. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 6.41. The stock has a market cap of $467.90 million, a price-to-earnings ratio of -13.77, a PEG ratio of 0.50 and a beta of 1.18. The stock has a 50-day moving average of $22.25 and a 200-day moving average of $25.61.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) EPS for the quarter, topping analysts' consensus estimates of ($0.37) by $0.03. The company had revenue of $64.61 million for the quarter, compared to analyst estimates of $63.78 million. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, equities research analysts forecast that NexPoint Residential Trust, Inc. will post 2.24 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend was Tuesday, September 15th. NexPoint Residential Trust's payout ratio is currently -159.40%.

Analyst Upgrades and Downgrades

NXRT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on NexPoint Residential Trust in a research note on Wednesday, September 9th. Zacks Research lowered shares of NexPoint Residential Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Citizens Jmp reissued a "market perform" rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Citigroup restated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Finally, Weiss Ratings downgraded shares of NexPoint Residential Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, October 8th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, NexPoint Residential Trust has an average rating of "Reduce" and a consensus price target of $20.50.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc NYSE: NXRT is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.

NexPoint Residential Trust's portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.