Invesco Ltd. Purchases 128,745 Shares of NexPoint Residential Trust, Inc. $NXRT

Invesco Ltd. lifted its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 63.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 330,285 shares of the financial services provider’s stock after acquiring an additional 128,745 shares during the quarter. Invesco Ltd. owned approximately 1.31% of NexPoint Residential Trust worth $13,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NXRT. Raymond James Financial Inc. bought a new position in shares of NexPoint Residential Trust in the 4th quarter worth approximately $575,000. Barclays PLC increased its stake in NexPoint Residential Trust by 80.3% during the 4th quarter. Barclays PLC now owns 120,467 shares of the financial services provider’s stock valued at $5,028,000 after purchasing an additional 53,636 shares in the last quarter. First Trust Advisors LP bought a new stake in NexPoint Residential Trust during the 4th quarter valued at about $2,590,000. MetLife Investment Management LLC increased its holdings in NexPoint Residential Trust by 6.6% in the 4th quarter. MetLife Investment Management LLC now owns 14,416 shares of the financial services provider’s stock worth $602,000 after buying an additional 887 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in NexPoint Residential Trust by 453.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,707 shares of the financial services provider’s stock worth $447,000 after buying an additional 8,771 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NXRT. Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday. Compass Point reiterated a “neutral” rating and issued a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Citizens Jmp downgraded NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Raymond James Financial lowered NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Finally, Truist Financial dropped their price target 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 investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, NexPoint Residential Trust currently has an average rating of “Hold” and a consensus target price of $41.50.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Paul Richards bought 5,000 shares of the firm’s stock in a transaction on Wednesday, June 25th. The stock was acquired at an average cost of $32.92 per share, with a total value of $164,600.00. Following the transaction, the insider directly owned 24,689 shares in the company, valued at approximately $812,761.88. This trade represents a 25.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.36% of the company’s stock.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock opened at $33.5140 on Friday. The firm has a 50-day moving average price of $32.96 and a 200-day moving average price of $35.83. The firm has a market capitalization of $849.92 million, a PE ratio of -17.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. NexPoint Residential Trust, Inc. has a 12-month low of $29.98 and a 12-month high of $48.37.

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

NexPoint Residential Trust Dividend Announcement

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

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.