Copeland Capital Management LLC Has $25.31 Million Position in NexPoint Residential Trust, Inc. $NXRT

Copeland Capital Management LLC cut its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRTFree Report) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 785,410 shares of the financial services provider’s stock after selling 44,143 shares during the quarter. Copeland Capital Management LLC owned approximately 3.10% of NexPoint Residential Trust worth $25,306,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Northern Trust Corp increased its holdings in NexPoint Residential Trust by 4.6% in the first 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. OMERS ADMINISTRATION Corp bought a new position in NexPoint Residential Trust during the first quarter worth $213,000. Royal Bank of Canada grew its holdings in NexPoint Residential Trust by 5.7% in the first quarter. Royal Bank of Canada now owns 54,612 shares of the financial services provider’s stock worth $2,159,000 after purchasing an additional 2,942 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in NexPoint Residential Trust in the first quarter valued at $285,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of NexPoint Residential Trust during the first quarter valued at about $341,000. 76.61% of the stock is currently owned by institutional investors.

Insider Activity at NexPoint Residential Trust

In related news, Director Brian Mitts sold 24,296 shares of the stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $28.85, for a total transaction of $700,939.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold 37,748 shares of company stock valued at $1,090,618 over the last three months. 15.36% of the stock is owned by company insiders.

NexPoint Residential Trust Stock Up 1.1%

NXRT opened at $29.27 on Tuesday. NexPoint Residential Trust, Inc. has a twelve month low of $27.69 and a twelve month high of $43.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.55. The company’s 50-day moving average price is $30.46 and its two-hundred day moving average price is $31.98. The stock has a market cap of $742.29 million, a price-to-earnings ratio of -15.24 and a beta of 1.17.

NexPoint Residential Trust (NYSE:NXRTGet Free Report) last released its earnings results 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 return on equity of 13.32% and a negative net margin of 19.23%.The business had revenue of $62.83 million during the quarter, compared to the consensus estimate of $63.04 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, equities analysts expect that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.53 per share. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Monday, December 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -110.42%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NXRT. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Wednesday, October 8th. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Truist Financial lowered their price objective on shares of NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, November 17th. Finally, Zacks Research cut shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, NexPoint Residential Trust currently has a consensus rating of “Reduce” and an average target price of $40.13.

Get Our Latest Research Report on NexPoint Residential Trust

NexPoint Residential Trust Company Profile

(Free Report)

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.

Read More

Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.