Brian Mitts Sells 24,296 Shares of NexPoint Residential Trust (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 24,296 shares of NexPoint Residential Trust stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $28.85, for a total value of $700,939.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brian Mitts also recently made the following trade(s):

• On Friday, December 19th, Brian Mitts sold 8,452 shares of NexPoint Residential Trust stock. The shares were sold at an average price of $28.05, for a total value of $237,078.60.
• On Friday, October 31st, Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock. The shares were sold at an average price of $30.52, for a total transaction of $152,600.00.

NexPoint Residential Trust Trading Up 2.8%

Shares of NYSE NXRT traded up $0.79 during trading on Monday, hitting $29.04. 270,970 shares of the company were exchanged, compared to its average volume of 158,355. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.49 and a current ratio of 1.49. The company has a fifty day moving average price of $30.69 and a 200-day moving average price of $32.20. NexPoint Residential Trust, Inc. has a 12-month low of $27.69 and a 12-month high of $43.13. The firm has a market capitalization of $736.53 million, a PE ratio of -15.13 and a beta of 1.17.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $62.83 million during the quarter, compared to analysts’ expectations of $63.04 million. NexPoint Residential Trust had a negative return on equity of 13.32% and a negative net margin of 19.23%.NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, equities research analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.53 per share. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Monday, December 15th. NexPoint Residential Trust’s dividend payout ratio is currently -110.42%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Truist Financial reduced their target price on NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Wednesday, October 8th. Zacks Research cut NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, NexPoint Residential Trust currently has a consensus rating of “Reduce” and a consensus target price of $40.13.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of NexPoint Residential Trust by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider’s stock worth $14,266,000 after purchasing an additional 22,367 shares during the last quarter. Invesco Ltd. raised its stake 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 worth $13,056,000 after buying an additional 128,745 shares during the last quarter. Nuveen LLC acquired a new position in shares of NexPoint Residential Trust in the 1st quarter valued at $2,862,000. HighTower Advisors LLC boosted its holdings in NexPoint Residential Trust by 32.7% during the first quarter. HighTower Advisors LLC now owns 15,923 shares of the financial services provider’s stock worth $629,000 after buying an additional 3,922 shares during the last quarter. Finally, Northern Trust Corp increased its stake in NexPoint Residential Trust by 4.6% in the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock valued at $18,022,000 after purchasing an additional 19,927 shares in the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.