NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Free Report)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $23.76 and last traded at $23.83, with a volume of 88434 shares changing hands. The stock had previously closed at $24.50.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NexPoint Residential Trust in a research note on Friday, July 31st. Zacks Research upgraded NexPoint Residential Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $18.00 price objective on NexPoint Residential Trust in a research note on Monday, July 20th. Truist Financial decreased their price objective on NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Tuesday, June 30th. Finally, Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.00.
Read Our Latest Stock Analysis on NexPoint Residential Trust
NexPoint Residential Trust Stock Performance
NexPoint Residential Trust (NYSE:NXRT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.03. The business had revenue of $64.61 million for the quarter, compared to analysts’ expectations of $63.78 million. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%.NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. As a group, analysts anticipate that NexPoint Residential Trust, Inc. will post 2.36 earnings per share for the current year.
NexPoint Residential Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 9.0%. NexPoint Residential Trust’s payout ratio is -159.40%.
Institutional Trading of NexPoint Residential Trust
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in NexPoint Residential Trust during the second quarter worth about $118,748,000. Long Pond Capital LP boosted its holdings in NexPoint Residential Trust by 54.9% in the 4th quarter. Long Pond Capital LP now owns 842,870 shares of the financial services provider’s stock valued at $25,370,000 after purchasing an additional 298,781 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in NexPoint Residential Trust by 49.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 827,052 shares of the financial services provider’s stock valued at $24,894,000 after purchasing an additional 272,391 shares during the last quarter. Marnell Management LLC purchased a new stake in shares of NexPoint Residential Trust in the 4th quarter valued at approximately $5,220,000. Finally, Flax Pond Capital LLC purchased a new stake in shares of NexPoint Residential Trust in the 1st quarter valued at approximately $4,047,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.
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.
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