NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Free Report)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $30.35 and traded as high as $31.71. NexPoint Residential Trust shares last traded at $31.62, with a volume of 204,243 shares changing hands.
Analyst Ratings Changes
NXRT has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Wednesday, October 8th. Zacks Research downgraded NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Truist Financial dropped their target price on NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, November 17th. Finally, Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $40.13.
View Our Latest Stock Report on NexPoint Residential Trust
NexPoint Residential Trust Trading Up 0.3%
NexPoint Residential Trust (NYSE:NXRT – Get Free Report) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $62.83 million for the quarter, compared to analyst estimates of $63.04 million. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, equities research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.
NexPoint Residential Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.51. NexPoint Residential Trust’s dividend payout ratio is currently -110.42%.
Insider Activity
In related news, Director Brian Mitts sold 8,452 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $28.05, for a total value of $237,078.60. Following the transaction, the director owned 52,448 shares in the company, valued at approximately $1,471,166.40. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 37,748 shares of company stock worth $1,090,618 over the last 90 days. 15.36% of the stock is currently owned by insiders.
Institutional Trading of NexPoint Residential Trust
Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its holdings in shares of 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 valued at $27,000 after buying an additional 576 shares during the period. Ameritas Advisory Services LLC bought a new position in NexPoint Residential Trust in the second quarter worth about $47,000. Versant Capital Management Inc boosted its stake in NexPoint Residential Trust by 334.3% in 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 during the period. Tower Research Capital LLC TRC boosted its stake in NexPoint Residential Trust by 121.1% in the second 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 period. Finally, CWM LLC grew its holdings in shares of NexPoint Residential Trust by 206.3% during the third quarter. CWM LLC now owns 3,648 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 2,457 shares during the last quarter. 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.
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