AlphaQuest LLC Sells 9,502 Shares of NexPoint Residential Trust, Inc. $NXRT

AlphaQuest LLC lessened its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 93.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 673 shares of the financial services provider’s stock after selling 9,502 shares during the quarter. AlphaQuest LLC’s holdings in NexPoint Residential Trust were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NXRT. Millennium Management LLC boosted its stake in shares of NexPoint Residential Trust by 194.3% in the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider’s stock valued at $11,869,000 after purchasing an additional 187,680 shares during the last quarter. Invesco Ltd. boosted its stake in shares of NexPoint Residential Trust by 63.9% in the 1st quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock valued at $13,056,000 after purchasing an additional 128,745 shares during the last quarter. Nuveen LLC bought a new position in shares of NexPoint Residential Trust in the 1st quarter valued at about $2,862,000. Graybill Wealth Management LTD. bought a new position in shares of NexPoint Residential Trust in the 1st quarter valued at about $2,814,000. Finally, Northern Trust Corp boosted its stake in shares of NexPoint Residential Trust by 18.6% in the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider’s stock valued at $18,202,000 after purchasing an additional 68,471 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $34.69 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 company has a market capitalization of $879.64 million, a P/E ratio of -17.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04. The company’s 50 day moving average price is $33.06 and its two-hundred day moving average price is $35.42. NexPoint Residential Trust, Inc. has a 52 week low of $29.98 and a 52 week high of $48.31.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $63.10 million for the quarter, compared to analyst estimates 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. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, September 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is -104.08%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NXRT. Truist Financial reduced their target price on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating on the stock in a research note on Tuesday, August 12th. Citizens Jmp downgraded shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. JMP Securities reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Raymond James Financial downgraded shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Finally, 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. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $41.50.

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards bought 5,000 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were purchased at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the acquisition, the insider owned 24,689 shares of the company’s stock, valued at approximately $812,761.88. This represents a 25.39% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian Mitts sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $30.92, for a total transaction of $154,600.00. Following the sale, the director owned 65,900 shares in the company, valued at $2,037,628. This trade represents a 7.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.36% of the company’s stock.

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.