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

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s share price reached a new 52-week low on Thursday . The stock traded as low as $23.85 and last traded at $23.8380, with a volume of 203274 shares. The stock had previously closed at $24.62.

Analysts Set New Price Targets

NXRT has been the subject of a number of research analyst reports. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report 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. Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a report on Tuesday, March 10th. Finally, Truist Financial cut their price target 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 analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $34.75.

NexPoint Residential Trust Stock Performance

The company’s fifty day simple moving average is $28.13 and its two-hundred day simple moving average is $29.90. The company has a debt-to-equity ratio of 5.27, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a market capitalization of $612.13 million, a P/E ratio of -18.98 and a beta of 1.18.

NexPoint Residential Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a dividend of $0.53 per share. The ex-dividend date was Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.8%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -166.93%.

Insider Activity at NexPoint Residential Trust

In other news, insider Matt Mcgraner acquired 2,000 shares of the stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $24.37 per share, for a total transaction of $48,740.00. Following the transaction, the insider directly owned 331,334 shares of the company’s stock, valued at approximately $8,074,609.58. This represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Richards bought 1,500 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of $24.81 per share, with a total value of $37,215.00. Following the acquisition, the insider directly owned 30,359 shares of the company’s stock, valued at approximately $753,206.79. This represents a 5.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 8,700 shares of company stock valued at $223,777. 15.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its position in NexPoint Residential Trust by 5.7% during the first quarter. Royal Bank of Canada now owns 54,612 shares of the financial services provider’s stock worth $2,159,000 after acquiring an additional 2,942 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in NexPoint Residential Trust in the 1st quarter valued at about $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NexPoint Residential Trust by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 573 shares in the last quarter. Millennium Management LLC increased its holdings in shares of NexPoint Residential Trust by 15.6% during the first quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after purchasing an additional 44,391 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NexPoint Residential Trust by 5.8% during 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 worth $5,219,000 after purchasing an additional 7,217 shares during the period. 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.