DigitalBridge Group Inc. Buys Shares of 231,006 NexPoint Residential Trust, Inc. $NXRT

DigitalBridge Group Inc. purchased a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 231,006 shares of the financial services provider’s stock, valued at approximately $7,443,000.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of NexPoint Residential Trust by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 402 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in NexPoint Residential Trust by 3.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider’s stock worth $441,000 after buying an additional 488 shares during the period. Van ECK Associates Corp raised its holdings in NexPoint Residential Trust by 10.8% during the 3rd quarter. Van ECK Associates Corp now owns 5,472 shares of the financial services provider’s stock worth $176,000 after buying an additional 535 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in NexPoint Residential Trust by 6.3% in the third quarter. Resona Asset Management Co. Ltd. now owns 9,686 shares of the financial services provider’s stock valued at $307,000 after buying an additional 571 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NexPoint Residential Trust by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock valued at $525,000 after buying an additional 573 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

Insider Transactions at NexPoint Residential Trust

In related news, insider Matt Mcgraner acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of $26.14 per share, for a total transaction of $26,140.00. Following the acquisition, the insider directly owned 316,821 shares of the company’s stock, valued at approximately $8,281,700.94. The trade was a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale is available in the SEC filing. Insiders acquired a total of 5,000 shares of company stock worth $133,000 in the last three months. Insiders own 15.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a research report on Tuesday, March 10th. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a research note on Friday, February 27th. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Truist Financial dropped their price target on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Finally, Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $37.83.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $26.00 on Wednesday. NexPoint Residential Trust, Inc. has a 12 month low of $25.47 and a 12 month high of $40.78. The company’s fifty day simple moving average is $29.43 and its 200-day simple moving average is $30.58. The firm has a market cap of $660.66 million, a PE ratio of -20.47 and a beta of 1.19. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 5.27.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 8.2%. NexPoint Residential Trust’s payout ratio is -166.93%.

NexPoint Residential Trust 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.