Legal & General Group Plc bought a new stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 46,947 shares of the financial services provider’s stock, valued at approximately $1,311,000.
A number of other large investors also recently made changes to their positions in the business. Capital Square LLC purchased a new stake in shares of NexPoint Residential Trust in the second quarter worth approximately $262,000. Ieq Capital LLC purchased a new stake in NexPoint Residential Trust in the 2nd quarter worth approximately $572,000. Paralel Advisors LLC purchased a new stake in NexPoint Residential Trust in the 2nd quarter worth approximately $2,013,000. Allworth Financial LP purchased a new position in shares of NexPoint Residential Trust during the 2nd quarter valued at $33,000. Finally, Pasadena Private Wealth LLC acquired a new position in shares of NexPoint Residential Trust in the second quarter worth $531,000. Institutional investors and hedge funds own 76.61% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on NXRT. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NexPoint Residential Trust in a research report on Friday, July 31st. Truist Financial decreased their target price on shares of NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Tuesday, June 30th. Finally, Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Four 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.com, the stock presently has an average rating of “Reduce” and an average target price of $22.00.
NexPoint Residential Trust Stock Down 0.3%
Shares of NXRT stock opened at $23.72 on Monday. The stock’s 50 day simple moving average is $25.83 and its 200 day simple moving average is $26.91. NexPoint Residential Trust, Inc. has a twelve month low of $23.10 and a twelve month high of $34.87. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $606.05 million, a price-to-earnings ratio of -17.83 and a beta of 1.15.
NexPoint Residential Trust (NYSE:NXRT – Get Free Report) last announced its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%.The firm had revenue of $64.61 million during the quarter, compared to analysts’ expectations of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. As a group, research analysts predict that NexPoint Residential Trust, Inc. will post 2.38 EPS for the current year.
NexPoint Residential Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 8.9%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -159.40%.
NexPoint Residential Trust Company Profile
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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