NexPoint Residential Trust, Inc. $NXRT Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 18.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,139 shares of the financial services provider’s stock after purchasing an additional 7,349 shares during the period. Teacher Retirement System of Texas owned 0.19% of NexPoint Residential Trust worth $1,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXRT. Allspring Global Investments Holdings LLC raised its holdings in NexPoint Residential Trust by 53.9% during the first 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. Principal Financial Group Inc. increased its holdings in shares of NexPoint Residential Trust by 2.7% in the first quarter. Principal Financial Group Inc. now owns 120,512 shares of the financial services provider’s stock valued at $4,764,000 after buying an additional 3,207 shares in the last quarter. Graybill Wealth Management LTD. bought a new position in shares of NexPoint Residential Trust in the first quarter valued at $2,814,000. Victory Capital Management Inc. increased its holdings in shares of NexPoint Residential Trust by 6.1% in the first quarter. Victory Capital Management Inc. now owns 22,500 shares of the financial services provider’s stock valued at $889,000 after buying an additional 1,300 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in shares of NexPoint Residential Trust by 1.4% in the first quarter. Foundry Partners LLC now owns 181,488 shares of the financial services provider’s stock valued at $7,174,000 after buying an additional 2,453 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

Insider Transactions at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $30.52, for a total value of $152,600.00. Following the completion of the transaction, the director owned 60,900 shares of the company’s stock, valued at $1,858,668. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.36% of the stock is owned by company insiders.

NexPoint Residential Trust Trading Up 1.4%

Shares of NYSE:NXRT opened at $30.89 on Wednesday. The stock has a market capitalization of $783.40 million, a PE ratio of -16.09 and a beta of 1.09. NexPoint Residential Trust, Inc. has a 1 year low of $29.93 and a 1 year high of $48.31. The firm has a fifty day moving average price of $32.18 and a 200 day moving average price of $33.45. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.55.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. The firm had revenue of $62.83 million during the quarter, compared to analysts’ expectations of $63.04 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 6.9%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, December 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -106.25%.

Analyst Ratings Changes

NXRT has been the topic of several research reports. Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Truist Financial dropped their price target on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target 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.