NexPoint Residential Trust, Inc. $NXRT Shares Bought by Versor Investments LP

Key Points

• Versor Investments LP increased its stake in NexPoint Residential Trust by 143.5% in the first quarter, owning about 0.07% of the company, equating to $664,000.
• NexPoint Residential Trust has declared a quarterly dividend of $0.51 per share, representing an annual yield of 6.3%, despite a negative dividend payout ratio of -104.08%.
• Recent analyst actions include downgrades, with Wall Street Zen changing its rating from "hold" to "sell," indicating a shifting sentiment towards NexPoint's stock performance.

Versor Investments LP increased its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 143.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 16,800 shares of the financial services provider's stock after acquiring an additional 9,900 shares during the period. Versor Investments LP owned about 0.07% of NexPoint Residential Trust worth $664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NXRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 worth $531,000 after buying an additional 266 shares during the period. Envestnet Asset Management Inc. increased its position in shares of NexPoint Residential Trust by 0.3% during the fourth 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 period. Farther Finance Advisors LLC raised its stake 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 acquiring an additional 589 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of NexPoint Residential Trust by 7.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 9,810 shares of the financial services provider's stock valued at $410,000 after purchasing an additional 677 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its stake in NexPoint Residential Trust by 9.1% in the first quarter. Resona Asset Management Co. Ltd. now owns 9,598 shares of the financial services provider's stock worth $375,000 after purchasing an additional 801 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Truist Financial decreased their target price 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. Compass Point restated a "neutral" rating and set a $42.50 price target (down previously from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. JMP Securities restated a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Raymond James Financial cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Finally, Wall Street Zen raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $41.50.

NexPoint Residential Trust Stock Up 3.9%

Shares of NYSE:NXRT traded up $1.2540 during trading on Friday, reaching $33.5140. The stock had a trading volume of 231,134 shares, compared to its average volume of 195,008. NexPoint Residential Trust, Inc. has a one year low of $29.98 and a one year high of $48.37. The firm's 50-day simple moving average is $32.96 and its 200 day simple moving average is $35.83. 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 company has a market capitalization of $849.92 million, a P/E ratio of -17.10, a PEG ratio of 2.01 and a beta of 1.04.

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 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 for the quarter, compared to analyst estimates of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, research analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 6.1%. NexPoint Residential Trust's dividend payout ratio (DPR) is -104.08%.

Insiders Place Their Bets

In other news, insider Paul Richards acquired 5,000 shares of NexPoint Residential Trust stock in a transaction dated 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 purchase, the insider directly 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 15.36% of the company's stock.

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.