Vanguard Group Inc. boosted its position in NexPoint Residential Trust, Inc. (NYSE:NXRT – Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,436,034 shares of the financial services provider’s stock after buying an additional 70,310 shares during the quarter. Vanguard Group Inc. owned 0.10% of NexPoint Residential Trust worth $73,325,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in NexPoint Residential Trust by 205.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock worth $27,000 after buying an additional 576 shares in the last quarter. Versant Capital Management Inc lifted its holdings in NexPoint Residential Trust by 334.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock worth $62,000 after buying an additional 1,491 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in NexPoint Residential Trust by 121.1% in the 2nd 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 in the last quarter. CWM LLC lifted its holdings in NexPoint Residential Trust by 206.3% in the 3rd quarter. CWM LLC now owns 3,648 shares of the financial services provider’s stock worth $118,000 after buying an additional 2,457 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of NexPoint Residential Trust in the 1st quarter worth about $158,000. Institutional investors and hedge funds own 76.61% of the company’s stock.
NexPoint Residential Trust Price Performance
NXRT opened at $28.64 on Friday. The company has a debt-to-equity ratio of 5.75, a quick ratio of 2.40 and a current ratio of 2.40. NexPoint Residential Trust, Inc. has a 1-year low of $23.79 and a 1-year high of $37.14. The company has a 50-day moving average of $26.56 and a 200-day moving average of $28.95. The company has a market capitalization of $730.03 million, a P/E ratio of -22.55 and a beta of 1.20.
NexPoint Residential Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th. NexPoint Residential Trust’s dividend payout ratio is currently -166.93%.
Insider Transactions at NexPoint Residential Trust
In other NexPoint Residential Trust news, insider Matt Mcgraner acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of $24.37 per share, with a total value of $48,740.00. Following the transaction, the insider directly owned 331,334 shares in the company, valued at approximately $8,074,609.58. This represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Richards acquired 1,500 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average cost of $24.81 per share, with a total value of $37,215.00. Following the transaction, the insider owned 30,359 shares in the company, valued at approximately $753,206.79. The trade was a 5.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 8,700 shares of company stock valued at $223,777. Insiders own 16.63% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on NXRT shares. Zacks Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of NexPoint Residential Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Truist Financial dropped their target price on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Finally, Raymond James Financial reissued an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $27.00.
View Our Latest Research Report on NXRT
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.
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