Vanguard Group Inc. Decreases Stock Holdings in NexPoint Residential Trust, Inc. $NXRT

Vanguard Group Inc. lowered its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,365,724 shares of the financial services provider’s stock after selling 63,573 shares during the period. Vanguard Group Inc. owned approximately 0.09% of NexPoint Residential Trust worth $76,224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NXRT. JPMorgan Chase & Co. grew its stake in shares of NexPoint Residential Trust by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 90,557 shares of the financial services provider’s stock worth $2,918,000 after acquiring an additional 11,493 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of NexPoint Residential Trust by 4.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 145,203 shares of the financial services provider’s stock valued at $4,678,000 after purchasing an additional 5,572 shares during the last quarter. Aberdeen Group plc lifted its position in NexPoint Residential Trust by 13.9% during the third quarter. Aberdeen Group plc now owns 7,562 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 923 shares during the period. Public Sector Pension Investment Board lifted its position in NexPoint Residential Trust by 12.9% during the third quarter. Public Sector Pension Investment Board now owns 85,048 shares of the financial services provider’s stock valued at $2,740,000 after purchasing an additional 9,741 shares during the period. Finally, Rhumbline Advisers boosted its holdings in NexPoint Residential Trust by 1.9% in the third quarter. Rhumbline Advisers now owns 73,823 shares of the financial services provider’s stock worth $2,379,000 after purchasing an additional 1,405 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Insider Buying and Selling at NexPoint Residential Trust

In other news, Director Brian Mitts sold 24,296 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $28.85, for a total transaction of $700,939.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on NXRT. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday, February 27th. Finally, Truist Financial reduced their price objective on NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $39.88.

NexPoint Residential Trust Stock Performance

NXRT opened at $27.41 on Friday. The company’s 50 day moving average is $29.94 and its 200 day moving average is $30.95. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 5.27. The company has a market cap of $696.49 million, a price-to-earnings ratio of -21.58 and a beta of 1.19. NexPoint Residential Trust, Inc. has a 12-month low of $26.80 and a 12-month high of $41.30.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.53 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 7.7%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -166.93%.

NexPoint Residential Trust Profile

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.