Nuveen LLC Invests $2.86 Million in NexPoint Residential Trust, Inc. $NXRT

Key Points

• Nuveen LLC made a new investment in NexPoint Residential Trust, acquiring 72,396 shares worth approximately $2.86 million, increasing its stake to around 0.29% of the company.
• NexPoint Residential Trust's stock is currently trading at $33.93, recently reported negative earnings per share of $0.80, missing estimates by $0.01, and has a dividend yield of 6.0%.
• The company announced a quarterly dividend of $0.51 per share, with the ex-dividend date set for September 15th, while the current dividend payout ratio stands at a troubling -104.08%.

Nuveen LLC purchased a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 72,396 shares of the financial services provider's stock, valued at approximately $2,862,000. Nuveen LLC owned about 0.29% of NexPoint Residential Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NXRT. Nexpoint Asset Management L.P. increased its holdings in shares of NexPoint Residential Trust by 100.0% during the 4th quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider's stock worth $65,245,000 after buying an additional 781,266 shares during the last quarter. Millennium Management LLC increased its holdings in shares of NexPoint Residential Trust by 194.3% during the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider's stock worth $11,869,000 after buying an additional 187,680 shares during the last quarter. Invesco Ltd. increased its holdings in shares of NexPoint Residential Trust by 63.9% during the 1st quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider's stock worth $13,056,000 after buying an additional 128,745 shares during the last quarter. BROOKFIELD Corp ON acquired a new stake in shares of NexPoint Residential Trust during the 4th quarter worth approximately $3,863,000. Finally, Graybill Wealth Management LTD. acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter worth approximately $2,814,000. Institutional investors and hedge funds own 76.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NXRT. Citizens Jmp downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Raymond James Financial downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Compass Point reiterated 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. Truist Financial dropped their target price on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating for the company in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $41.50.

Insider Buying and Selling

In other NexPoint Residential Trust news, insider Paul Richards purchased 5,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was bought at an average price 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 approximately $812,761.88. This represents a 25.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.36% of the stock is owned by corporate insiders.

NexPoint Residential Trust Stock Up 0.8%

NXRT stock traded up $0.28 during midday trading on Wednesday, hitting $33.49. The company's stock had a trading volume of 154,481 shares, compared to its average volume of 172,363. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 4.22. NexPoint Residential Trust, Inc. has a 52-week low of $29.98 and a 52-week high of $48.31. The firm has a market capitalization of $849.31 million, a P/E ratio of -17.09, a PEG ratio of 2.07 and a beta of 1.04. The firm has a 50-day simple moving average of $33.01 and a 200-day simple moving average of $35.50.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate 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 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. As a group, equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, September 15th. NexPoint Residential Trust's dividend payout ratio (DPR) is currently -104.08%.

NexPoint Residential Trust 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.