Short Interest in NexPoint Residential Trust, Inc. (NYSE:NXRT) Grows By 29.2%

NexPoint Residential Trust, Inc. (NYSE:NXRT) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 837,739 shares, a growth of 29.2% from the February 26th total of 648,407 shares. Based on an average daily trading volume, of 214,023 shares, the short-interest ratio is presently 3.9 days. Approximately 3.9% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Tuesday, March 10th. Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Thursday, January 22nd. Wall Street Zen downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Raymond James Financial reiterated an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Finally, Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, NexPoint Residential Trust has an average rating of “Reduce” and a consensus target price of $34.75.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock traded up $0.13 during trading hours on Tuesday, hitting $25.00. 247,660 shares of the stock were exchanged, compared to its average volume of 216,552. The stock has a market capitalization of $635.35 million, a P/E ratio of -19.69 and a beta of 1.19. The business’s 50-day moving average is $28.35 and its two-hundred day moving average is $30.00. The company has a debt-to-equity ratio of 5.27, a quick ratio of 2.27 and a current ratio of 2.27. NexPoint Residential Trust has a 12 month low of $23.85 and a 12 month high of $40.78.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Friday, March 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -166.93%.

Insider Buying and Selling at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Matt Mcgraner acquired 2,000 shares of NexPoint Residential Trust stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $24.37 per share, with a total value of $48,740.00. Following the acquisition, the insider owned 331,334 shares of the company’s stock, valued at approximately $8,074,609.58. The trade was a 0.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Richards bought 1,500 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of $24.81 per share, for a total transaction of $37,215.00. Following the completion of the transaction, the insider owned 30,359 shares in the company, valued at $753,206.79. This represents a 5.20% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 8,700 shares of company stock worth $223,777 in the last three months. Insiders own 15.36% of the company’s stock.

Institutional Trading of NexPoint Residential Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. DigitalBridge Group Inc. bought a new stake in NexPoint Residential Trust during the 3rd quarter worth about $7,443,000. Strs Ohio raised its stake in shares of NexPoint Residential Trust by 202.8% in the third quarter. Strs Ohio now owns 118,400 shares of the financial services provider’s stock worth $3,815,000 after acquiring an additional 79,300 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of NexPoint Residential Trust in the second quarter worth about $264,000. Tudor Investment Corp ET AL lifted its position in shares of NexPoint Residential Trust by 63.0% during the third quarter. Tudor Investment Corp ET AL now owns 129,137 shares of the financial services provider’s stock worth $4,161,000 after purchasing an additional 49,902 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of NexPoint Residential Trust by 0.4% during the second quarter. Geode Capital Management LLC now owns 581,094 shares of the financial services provider’s stock valued at $19,363,000 after purchasing an additional 2,277 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Company 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.