NexPoint Residential Trust (NYSE:NXRT) Reaches New 1-Year Low – Here’s Why

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.85 and last traded at $23.8380, with a volume of 203274 shares traded. The stock had previously closed at $24.62.

Analyst Ratings Changes

Several research firms recently commented on NXRT. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Wall Street Zen downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Tuesday, March 10th. Finally, Truist Financial decreased their price objective on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $34.75.

NexPoint Residential Trust Price Performance

The firm has a market cap of $612.13 million, a price-to-earnings ratio of -18.98 and a beta of 1.18. The company’s fifty day moving average is $28.13 and its 200 day moving average is $29.90. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 5.27.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 8.8%. NexPoint Residential Trust’s payout ratio is -166.93%.

Insider Activity

In related news, insider Paul Richards bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average price of $26.34 per share, for a total transaction of $52,680.00. Following the completion of the acquisition, the insider owned 28,186 shares of the company’s stock, valued at approximately $742,419.24. The trade was a 7.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Matt Mcgraner purchased 2,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of $24.37 per share, with a total value of $48,740.00. Following the completion of the transaction, the insider directly 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 position. The SEC filing for this purchase provides additional information. Insiders bought a total of 8,700 shares of company stock valued at $223,777 in the last 90 days. 15.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of 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 valued at $2,159,000 after buying an additional 2,942 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in NexPoint Residential Trust during the first quarter worth $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NexPoint Residential Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 573 shares in the last quarter. Millennium Management LLC lifted its stake in NexPoint Residential Trust by 15.6% in the first quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock valued at $12,993,000 after acquiring an additional 44,391 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NexPoint Residential Trust by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,034 shares of the financial services provider’s stock valued at $5,219,000 after acquiring an additional 7,217 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

About NexPoint Residential Trust

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.