Virtus Advisers LLC Acquires Shares of 10,500 NexPoint Residential Trust, Inc. $NXRT

Key Points

• Virtus Advisers LLC has taken a new position in NexPoint Residential Trust, Inc. with an acquisition of 10,500 shares valued at approximately $415,000 during Q1.
• Insider Paul Richards purchased 5,000 shares at $32.92 each, increasing his total ownership to 24,689 shares, valued at around $812,761.88.
• The company announced a quarterly dividend of $0.51 per share, reflecting a 6.1% dividend yield, despite a negative payout ratio of -104.08%.

Virtus Advisers LLC bought a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,500 shares of the financial services provider's stock, valued at approximately $415,000.

Several other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $531,000 after buying an additional 266 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of NexPoint Residential Trust by 1,732.4% during the 1st 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. Snowden Capital Advisors LLC grew its holdings in shares of NexPoint Residential Trust by 7.4% during the 4th 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 last quarter. QSV Equity Investors LLC grew its holdings in shares of NexPoint Residential Trust by 1.9% during the 1st quarter. QSV Equity Investors LLC now owns 39,698 shares of the financial services provider's stock valued at $1,569,000 after purchasing an additional 758 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of NexPoint Residential Trust by 9.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,598 shares of the financial services provider's stock valued at $375,000 after purchasing an additional 801 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Compass Point reaffirmed a "neutral" rating and set a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Wall Street Zen raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Citizens Jmp lowered shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Finally, Truist Financial reduced their target price on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a "hold" rating on the stock in a report on Tuesday, August 12th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $41.50.

Insiders Place Their Bets

In related news, insider Paul Richards purchased 5,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Wednesday, June 25th. The stock was bought at an average price of $32.92 per share, for a total transaction of $164,600.00. Following the completion of the transaction, the insider owned 24,689 shares in the company, valued at $812,761.88. This represents a 25.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 15.36% of the company's stock.

NexPoint Residential Trust Trading Up 1.6%

Shares of NYSE NXRT traded up $0.55 during midday trading on Friday, reaching $34.44. The stock had a trading volume of 242,703 shares, compared to its average volume of 151,049. The firm has a market cap of $873.45 million, a price-to-earnings ratio of -17.57, a price-to-earnings-growth ratio of 2.02 and a beta of 1.04. NexPoint Residential Trust, Inc. has a twelve month low of $29.98 and a twelve month high of $48.37. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.89 and a current ratio of 1.89. The company's 50 day moving average price is $32.98 and its 200 day moving average price is $35.67.

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). The firm had revenue of $63.10 million during the quarter, compared to analyst estimates of $63.32 million. NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, sell-side analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 5.9%. NexPoint Residential Trust's dividend payout ratio is presently -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.