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

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

Analyst Upgrades and Downgrades

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

NexPoint Residential Trust Stock Down 3.6%

The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.55. The company has a market capitalization of $726.18 million, a price-to-earnings ratio of -14.91 and a beta of 1.17. The business’s 50-day moving average is $30.99 and its 200-day moving average is $32.39.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $62.83 million during 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. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.4%. 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 -106.25%.

Insider Buying and Selling at NexPoint Residential Trust

In other 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 transaction of $152,600.00. Following the transaction, the director owned 60,900 shares in the company, valued at $1,858,668. This trade represents a 7.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 15.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL grew its position in shares of NexPoint Residential Trust by 63.0% in the third quarter. Tudor Investment Corp ET AL now owns 129,137 shares of the financial services provider’s stock valued at $4,161,000 after purchasing an additional 49,902 shares during the period. Graybill Wealth Management LTD. boosted its holdings in NexPoint Residential Trust by 3.3% in the 3rd quarter. Graybill Wealth Management LTD. now owns 74,538 shares of the financial services provider’s stock worth $2,402,000 after buying an additional 2,374 shares during the last quarter. DigitalBridge Group Inc. purchased a new stake in NexPoint Residential Trust during the 3rd quarter worth approximately $7,443,000. Abel Hall LLC purchased a new stake in NexPoint Residential Trust during the 3rd quarter worth approximately $347,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of NexPoint Residential Trust by 95.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 99,937 shares of the financial services provider’s stock valued at $3,220,000 after acquiring an additional 48,892 shares during the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

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.