Northern Trust Corp Buys 19,927 Shares of NexPoint Residential Trust, Inc. $NXRT

Key Points

• Northern Trust Corp increased its holdings in NexPoint Residential Trust by 4.6%, now owning approximately 1.80% of the company, valued at $18.02 million.
• Several institutional investors, including Deutsche Bank AG and Invesco Ltd., have also raised their positions in NexPoint Residential Trust, indicating significant interest from the investment community.
• NexPoint Residential Trust's recent quarterly earnings report showed an EPS of $0.80, missing expectations, and the company plans to pay a quarterly dividend of $0.51 per share in September.

Northern Trust Corp grew its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 455,908 shares of the financial services provider's stock after purchasing an additional 19,927 shares during the period. Northern Trust Corp owned about 1.80% of NexPoint Residential Trust worth $18,022,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NXRT. Millennium Management LLC lifted its holdings in shares of NexPoint Residential Trust by 194.3% during the fourth quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider's stock valued at $11,869,000 after purchasing an additional 187,680 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of NexPoint Residential Trust by 63.9% during the first quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider's stock valued at $13,056,000 after purchasing an additional 128,745 shares during the last quarter. BROOKFIELD Corp ON purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter valued at $3,863,000. Nuveen LLC purchased a new stake in shares of NexPoint Residential Trust during the first quarter valued at $2,862,000. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of NexPoint Residential Trust during the first quarter valued at $2,814,000. 76.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Compass Point reissued a "neutral" rating and set a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Zacks Research downgraded NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research note on Thursday. Raymond James Financial downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Finally, Citizens Jmp downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $41.50.

Insider Transactions at NexPoint Residential Trust

In other news, insider Paul Richards purchased 5,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was bought at an average cost of $32.92 per share, with a total value of $164,600.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Mitts sold 5,000 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $30.92, for a total value of $154,600.00. Following the sale, the director directly owned 65,900 shares of the company's stock, valued at $2,037,628. This trade represents a 7.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.36% of the stock is owned by company insiders.

NexPoint Residential Trust Stock Up 2.0%

NexPoint Residential Trust stock traded up $0.68 during mid-day trading on Friday, hitting $34.69. The company's stock had a trading volume of 198,520 shares, compared to its average volume of 179,750. The firm's 50 day moving average is $33.06 and its 200 day moving average is $35.37. The company has a market cap of $879.64 million, a PE ratio of -17.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.04. 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, Inc. has a 52-week low of $29.98 and a 52-week high of $48.31.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. On average, analysts anticipate 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 paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.9%. NexPoint Residential Trust's dividend payout ratio (DPR) is -104.08%.

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.