NexPoint Residential Trust (NYSE:NXRT) Hits New 52-Week Low – Here’s Why

NexPoint Residential Trust, Inc. (NYSE:NXRT) shares reached a new 52-week low on Tuesday . The stock traded as low as $26.95 and last traded at $26.9550, with a volume of 18196 shares. The stock had previously closed at $28.19.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NXRT. Raymond James Financial restated an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Truist Financial reduced their price objective on NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Zacks Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Finally, Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, NexPoint Residential Trust has an average rating of “Reduce” and a consensus price target of $39.88.

NexPoint Residential Trust Price Performance

The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 5.27. The business has a fifty day simple moving average of $30.05 and a two-hundred day simple moving average of $31.05. The stock has a market cap of $688.52 million, a PE ratio of -21.38 and a beta of 1.19.

NexPoint Residential Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued 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 7.8%. NexPoint Residential Trust’s payout ratio is currently -166.93%.

Insider Activity

In related news, Director Brian Mitts sold 8,452 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $28.05, for a total value of $237,078.60. Following the completion of the transaction, the director owned 52,448 shares of the company’s stock, valued at approximately $1,471,166.40. This represents a 13.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 15.36% of the stock is currently owned by company insiders.

Institutional Trading of NexPoint Residential Trust

Institutional investors have recently made changes to their positions in the business. 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 purchasing an additional 576 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of NexPoint Residential Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 386 shares during the last quarter. Versant Capital Management Inc grew its stake in NexPoint Residential Trust by 334.3% during the third quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,491 shares in the last quarter. Tower Research Capital LLC TRC increased 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 valued at $88,000 after acquiring an additional 1,455 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in NexPoint Residential Trust in the 4th quarter worth $96,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

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.