Deutsche Bank AG Has $1.46 Million Stock Holdings in NexPoint Residential Trust, Inc. $NXRT

Deutsche Bank AG cut its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 90.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,965 shares of the financial services provider’s stock after selling 344,572 shares during the quarter. Deutsche Bank AG owned 0.15% of NexPoint Residential Trust worth $1,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of NexPoint Residential Trust by 1,732.4% during the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock worth $25,000 after buying an additional 589 shares during the period. Johnson Financial Group Inc. bought a new position in NexPoint Residential Trust during the fourth quarter worth $35,000. New Age Alpha Advisors LLC acquired a new stake in NexPoint Residential Trust in the first quarter worth $53,000. Vestcor Inc acquired a new stake in NexPoint Residential Trust in the first quarter worth $102,000. Finally, Quantinno Capital Management LP increased its stake in NexPoint Residential Trust by 13.3% in the fourth quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 804 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $33.5140 on Friday. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a 50 day moving average price of $32.96 and a two-hundred day moving average price of $35.85. The firm has a market capitalization of $849.92 million, a P/E ratio of -17.10, a P/E/G ratio of 1.93 and a beta of 1.04. NexPoint Residential Trust, Inc. has a 52 week low of $29.98 and a 52 week high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The company had revenue of $63.10 million during the quarter, compared to the consensus estimate of $63.32 million. NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 6.1%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -104.08%.

Insider Transactions at NexPoint Residential Trust

In other news, insider Paul Richards bought 5,000 shares of NexPoint Residential Trust stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average price of $32.92 per share, for a total transaction of $164,600.00. Following the purchase, the insider directly owned 24,689 shares in the company, valued at $812,761.88. The trade was a 25.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NXRT shares. Truist Financial cut their price objective 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. Raymond James Financial downgraded NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Compass Point reiterated a “neutral” rating and issued a $42.50 price target (down previously from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Sunday, August 10th. Finally, JMP Securities restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.50.

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.