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

Y Intercept Hong Kong Ltd bought a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,864 shares of the financial services provider’s stock, valued at approximately $462,000.

Several other institutional investors have also added to or reduced their stakes in NXRT. New Age Alpha Advisors LLC purchased a new position in NexPoint Residential Trust in the 1st quarter worth approximately $53,000. Ameritas Advisory Services LLC purchased a new stake in NexPoint Residential Trust during the 2nd quarter valued at $47,000. Quantbot Technologies LP purchased a new position in shares of NexPoint Residential Trust in the first quarter valued at about $56,000. Vestcor Inc bought a new position in shares of NexPoint Residential Trust during the first quarter valued at about $102,000. Finally, Strs Ohio purchased a new stake in shares of NexPoint Residential Trust during the first quarter worth about $158,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Price Performance

Shares of NXRT opened at $30.67 on Friday. The company has a market capitalization 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, Inc. has a twelve month low of $29.93 and a twelve month high of $48.31. The firm has a 50 day moving average of $32.07 and a 200 day moving average of $33.42.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results 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. NexPoint Residential Trust had a negative return on equity of 13.32% and a negative net margin of 19.23%.The business had revenue of $62.83 million during the quarter, compared to analyst estimates of $63.04 million. 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 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm 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 dividend of $0.53 per share. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, December 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is -106.25%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Truist Financial reduced their price target on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $40.88.

NexPoint Residential Trust Profile

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.