Public Employees Retirement System of Ohio Acquires 2,256 Shares of NexPoint Residential Trust, Inc. $NXRT

Public Employees Retirement System of Ohio grew its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 7.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,320 shares of the financial services provider’s stock after buying an additional 2,256 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.13% of NexPoint Residential Trust worth $1,110,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of NexPoint Residential Trust by 83.3% in the 1st quarter. Teacher Retirement System of Texas now owns 40,790 shares of the financial services provider’s stock worth $1,612,000 after purchasing an additional 18,541 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of NexPoint Residential Trust by 4,645.8% in the 1st quarter. GAMMA Investing LLC now owns 35,261 shares of the financial services provider’s stock worth $1,394,000 after purchasing an additional 34,518 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of NexPoint Residential Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 120,512 shares of the financial services provider’s stock worth $4,764,000 after purchasing an additional 3,207 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of NexPoint Residential Trust by 4.6% in the 1st quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock worth $18,022,000 after purchasing an additional 19,927 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of NexPoint Residential Trust by 53.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,041 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 4,217 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $30.92, for a total value of $154,600.00. Following the completion of the sale, the director owned 65,900 shares of the company’s stock, valued at approximately $2,037,628. This trade represents a 7.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 15.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday. Zacks Research cut NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, September 4th. Truist Financial dropped their price objective on 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. Finally, Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Saturday, September 27th. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, NexPoint Residential Trust currently has an average rating of “Reduce” and a consensus target price of $40.88.

NexPoint Residential Trust Trading Down 0.4%

Shares of NexPoint Residential Trust stock opened at $31.64 on Friday. NexPoint Residential Trust, Inc. has a 1 year low of $29.98 and a 1 year high of $48.31. The firm has a market cap of $802.26 million, a PE ratio of -16.14 and a beta of 1.08. The stock has a fifty day moving average price of $32.55 and a 200-day moving average price of $34.37. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.89 and a quick ratio of 1.89.

NexPoint Residential Trust (NYSE:NXRT) last announced 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). NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. The business had revenue of $63.10 million for the quarter, compared to analysts’ expectations of $63.32 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Equities research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 6.4%. 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.