Y Intercept Hong Kong Ltd Invests $462,000 in NexPoint Residential Trust, Inc. $NXRT

Y Intercept Hong Kong Ltd acquired a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,864 shares of the financial services provider’s stock, valued at approximately $462,000. Y Intercept Hong Kong Ltd owned about 0.05% of NexPoint Residential Trust as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NXRT. New Age Alpha Advisors LLC acquired a new position in NexPoint Residential Trust in the 1st quarter valued at about $53,000. Ameritas Advisory Services LLC acquired a new stake in shares of NexPoint Residential Trust in the second quarter valued at approximately $47,000. Quantbot Technologies LP bought a new stake in shares of NexPoint Residential Trust in the first quarter valued at approximately $56,000. Vestcor Inc bought a new position in NexPoint Residential Trust during the 1st quarter worth $102,000. Finally, Strs Ohio bought a new position in NexPoint Residential Trust during the 1st quarter worth $158,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 2.0%

Shares of NYSE:NXRT opened at $30.67 on Friday. The business has a fifty day simple moving average of $32.07 and a 200 day simple moving average of $33.42. NexPoint Residential Trust, Inc. has a 12-month low of $29.93 and a 12-month high of $48.31. The firm has a market cap of $777.82 million, a P/E ratio of -15.97 and a beta of 1.09. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.55.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $62.83 million for the quarter, compared to analyst estimates 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. Analysts predict that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.51. NexPoint Residential Trust’s dividend payout ratio is presently -106.25%.

Insiders Place Their Bets

In other NexPoint Residential Trust news, Director Brian Mitts sold 5,000 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $30.52, for a total value of $152,600.00. Following the transaction, the director owned 60,900 shares in the company, valued at approximately $1,858,668. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.36% of the company’s stock.

Analyst Upgrades and Downgrades

NXRT has been the topic of several analyst reports. Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Wednesday, October 8th. Finally, Truist Financial lowered their target price on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Tuesday, August 12th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NexPoint Residential Trust has a consensus rating of “Reduce” and a consensus price target of $40.88.

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.