Vanguard Group Inc. Lowers Stake in NexPoint Residential Trust, Inc. $NXRT

Vanguard Group Inc. lowered its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,365,724 shares of the financial services provider’s stock after selling 63,573 shares during the period. Vanguard Group Inc. owned approximately 9.33% of NexPoint Residential Trust worth $76,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of NexPoint Residential Trust by 0.4% during the second quarter. Geode Capital Management LLC now owns 581,094 shares of the financial services provider’s stock valued at $19,363,000 after purchasing an additional 2,277 shares during the last quarter. Invesco Ltd. grew its stake in shares of NexPoint Residential Trust by 17.3% in the 2nd quarter. Invesco Ltd. now owns 387,299 shares of the financial services provider’s stock worth $12,905,000 after buying an additional 57,014 shares during the last quarter. Millennium Management LLC grew its stake in shares of NexPoint Residential Trust by 15.6% in the 1st quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after buying an additional 44,391 shares during the last quarter. ProShare Advisors LLC increased its position in NexPoint Residential Trust by 2.5% during the 3rd quarter. ProShare Advisors LLC now owns 183,557 shares of the financial services provider’s stock valued at $5,914,000 after buying an additional 4,411 shares in the last quarter. Finally, CSM Advisors LLC bought a new position in NexPoint Residential Trust during the 2nd quarter valued at approximately $4,937,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Insider Buying and Selling at NexPoint Residential Trust

In other news, Director Brian Mitts sold 24,296 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $28.85, for a total value of $700,939.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 15.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NXRT has been the subject of a number of recent research reports. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Thursday, January 22nd. Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Finally, Truist Financial dropped their price target on shares of 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. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $39.88.

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT opened at $27.41 on Friday. The firm has a market cap of $696.49 million, a P/E ratio of -21.58 and a beta of 1.19. NexPoint Residential Trust, Inc. has a twelve month low of $26.80 and a twelve month high of $41.30. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 5.27. The company has a 50 day moving average of $29.94 and a 200 day moving average of $30.95.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.7%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -166.93%.

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.