Legato Capital Management LLC Purchases Shares of 24,657 NexPoint Residential Trust, Inc. $NXRT

Legato Capital Management LLC purchased a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,657 shares of the financial services provider’s stock, valued at approximately $742,000.

A number of other institutional investors have also made changes to their positions in the business. ProShare Advisors LLC lifted its position in shares of NexPoint Residential Trust by 11.2% in the fourth quarter. ProShare Advisors LLC now owns 204,074 shares of the financial services provider’s stock worth $6,143,000 after purchasing an additional 20,517 shares in the last quarter. Versor Investments LP acquired a new position in NexPoint Residential Trust during the fourth quarter worth $397,000. Strs Ohio increased its holdings in shares of NexPoint Residential Trust by 24.1% in the fourth quarter. Strs Ohio now owns 146,900 shares of the financial services provider’s stock valued at $4,422,000 after purchasing an additional 28,500 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of NexPoint Residential Trust by 2.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 149,296 shares of the financial services provider’s stock valued at $4,494,000 after purchasing an additional 4,093 shares during the last quarter. Finally, Inscription Capital LLC increased its holdings in shares of NexPoint Residential Trust by 51.5% in the fourth quarter. Inscription Capital LLC now owns 9,671 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 3,289 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Raymond James Financial restated an “underperform” rating on shares of NexPoint Residential Trust in a research note on Friday, February 27th. Truist Financial decreased their price target on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, NexPoint Residential Trust presently has an average rating of “Strong Sell” and a consensus price target of $27.00.

NexPoint Residential Trust Trading Up 0.0%

Shares of NexPoint Residential Trust stock opened at $29.75 on Tuesday. The company has a market capitalization of $758.20 million, a price-to-earnings ratio of -23.42 and a beta of 1.20. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 5.75. NexPoint Residential Trust, Inc. has a 12-month low of $23.79 and a 12-month high of $35.22. The firm’s 50-day moving average price is $26.85 and its two-hundred day moving average price is $28.87.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.10. The firm had revenue of $63.54 million for the quarter, compared to the consensus estimate of $63.20 million. NexPoint Residential Trust had a negative net margin of 12.67% and a negative return on equity of 10.30%. NexPoint Residential Trust has set its FY 2026 guidance at 2.570-2.570 EPS. On average, analysts forecast that NexPoint Residential Trust, Inc. will post 2.2 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, June 15th. NexPoint Residential Trust’s dividend payout ratio is presently -166.93%.

Insider Transactions at NexPoint Residential Trust

In related news, insider Matt Mcgraner bought 2,000 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of $24.37 per share, with a total value of $48,740.00. Following the completion of the acquisition, the insider owned 331,334 shares of the company’s stock, valued at $8,074,609.58. The trade was a 0.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Richards bought 1,500 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was bought 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. The trade was a 5.20% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 8,700 shares of company stock worth $223,777 over the last quarter. Corporate insiders own 16.63% of the company’s stock.

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.