NexPoint Residential Trust (NYSE:NXRT) Sets New 12-Month Low – What’s Next?

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s stock price hit a new 52-week low on Monday . The stock traded as low as $29.07 and last traded at $29.1250, with a volume of 22339 shares trading hands. The stock had previously closed at $29.69.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Zacks Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Finally, Truist Financial decreased their price target on NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating for the company in a report on Monday, November 17th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $40.13.

NexPoint Residential Trust Price Performance

The company has a debt-to-equity ratio of 4.55, a current ratio of 1.49 and a quick ratio of 1.49. The company has a 50 day moving average price of $30.87 and a 200 day moving average price of $32.31. The firm has a market cap of $727.45 million, a PE ratio of -14.94 and a beta of 1.17.

NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The company had revenue of $62.83 million for 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. Sell-side analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 7.4%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, December 15th. NexPoint Residential Trust’s payout ratio is currently -110.42%.

Insider Buying and Selling at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $30.52, for a total transaction of $152,600.00. Following the completion of the transaction, the director directly owned 60,900 shares in the company, valued at $1,858,668. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of NexPoint Residential Trust by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider’s stock valued at $14,266,000 after acquiring an additional 22,367 shares during the last quarter. Invesco Ltd. lifted its holdings in NexPoint Residential Trust by 63.9% in the 1st quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock valued at $13,056,000 after purchasing an additional 128,745 shares in the last quarter. Nuveen LLC purchased a new position in NexPoint Residential Trust in the 1st quarter valued at about $2,862,000. Public Sector Pension Investment Board boosted its stake in shares of NexPoint Residential Trust by 27.0% during the 1st quarter. Public Sector Pension Investment Board now owns 70,134 shares of the financial services provider’s stock worth $2,772,000 after purchasing an additional 14,896 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.