NexPoint Residential Trust, Inc. (NYSE:NXRT) Short Interest Update

Key Points

• NexPoint Residential Trust saw a significant 49.2% increase in short interest, rising from 452,200 shares to 674,900 shares by September 15th, with a short-interest ratio of 3.7 days.
• Despite reporting $0.80 EPS for its last quarter, which missed analysts' expectations, the company maintains a dividend yield of 6.5% with a payout ratio of -104.08%.
• Analysts have mixed views on the stock rating; while some have upgraded it to "hold," others have downgraded to "strong sell," reflecting uncertainty in the market.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 674,900 shares, a growth of 49.2% from the August 31st total of 452,200 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily volume of 181,400 shares, the short-interest ratio is currently 3.7 days. Based on an average daily volume of 181,400 shares, the short-interest ratio is currently 3.7 days. Approximately 3.2% of the shares of the stock are sold short.

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT opened at $31.15 on Tuesday. The company has a fifty day moving average price of $32.51 and a 200 day moving average price of $34.29. The firm has a market cap of $790.09 million, a PE ratio of -15.89 and a beta of 1.08. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. NexPoint Residential Trust has a 1-year low of $29.98 and a 1-year high of $48.31.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Research analysts predict that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Monday, September 15th. NexPoint Residential Trust's dividend payout ratio is -104.08%.

Insider Buying and Selling at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $30.92, for a total value of $154,600.00. Following the completion of the transaction, the director owned 65,900 shares in the company, valued at $2,037,628. The trade was a 7.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 15.36% of the company's stock.

Institutional Trading of NexPoint Residential Trust

A number of large investors have recently added to or reduced their stakes in NXRT. Farther Finance Advisors LLC grew its position in shares of NexPoint Residential Trust by 1,732.4% in the 1st 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 during the period. Ameritas Advisory Services LLC acquired a new stake in NexPoint Residential Trust in the 2nd quarter valued at about $47,000. New Age Alpha Advisors LLC acquired a new stake in NexPoint Residential Trust in the 1st quarter valued at about $53,000. Quantbot Technologies LP bought a new position in NexPoint Residential Trust during the first quarter worth about $56,000. Finally, Tower Research Capital LLC TRC increased its position in NexPoint Residential Trust by 121.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider's stock worth $88,000 after buying an additional 1,455 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NXRT shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of NexPoint Residential Trust in a research note on Saturday, September 27th. Wall Street Zen raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research note on Friday. Truist Financial cut 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. Finally, Zacks Research cut shares of NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $40.88.

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.

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