NexPoint Residential Trust (NYSE:NXRT) Reaches New 52-Week Low – Here’s Why

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $26.10 and last traded at $26.16, with a volume of 28820 shares changing hands. The stock had previously closed at $27.40.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NXRT. Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Tuesday. Wall Street Zen lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Truist Financial decreased their price target on shares of NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Finally, Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $38.83.

NexPoint Residential Trust Trading Down 0.1%

The company has a debt-to-equity ratio of 5.27, a current ratio of 2.27 and a quick ratio of 2.27. The business’s 50 day simple moving average is $29.82 and its 200 day simple moving average is $30.85. The stock has a market cap of $682.21 million, a P/E ratio of -21.14 and a beta of 1.19.

NexPoint Residential Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 7.9%. NexPoint Residential Trust’s payout ratio is currently -166.93%.

Insiders Place Their Bets

In other NexPoint Residential Trust news, Director Brian Mitts sold 8,452 shares of NexPoint Residential Trust stock in a transaction on Friday, December 19th. The stock was sold at an average price of $28.05, for a total transaction of $237,078.60. Following the completion of the transaction, the director directly owned 52,448 shares of the company’s stock, valued at approximately $1,471,166.40. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock in a transaction dated Thursday, March 5th. The stock was purchased at an average price of $27.79 per share, for a total transaction of $27,790.00. Following the purchase, the insider directly owned 313,821 shares in the company, valued at $8,721,085.59. This represents a 0.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 15.36% of the company’s stock.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in NexPoint Residential Trust by 205.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 576 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its stake in NexPoint Residential Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock worth $54,000 after buying an additional 386 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of NexPoint Residential Trust by 334.3% during the third quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock worth $62,000 after buying an additional 1,491 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of NexPoint Residential Trust by 121.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock worth $88,000 after buying an additional 1,455 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of NexPoint Residential Trust in the fourth quarter valued at approximately $96,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

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.