Narwhal Capital Management Grows Stock Holdings in NexPoint Residential Trust, Inc. $NXRT

Narwhal Capital Management grew its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 16.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,453 shares of the financial services provider’s stock after purchasing an additional 5,291 shares during the quarter. Narwhal Capital Management’s holdings in NexPoint Residential Trust were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in NexPoint Residential Trust by 83.3% in the 1st quarter. Teacher Retirement System of Texas now owns 40,790 shares of the financial services provider’s stock worth $1,612,000 after purchasing an additional 18,541 shares in the last quarter. GAMMA Investing LLC lifted its stake in NexPoint Residential Trust by 4,645.8% in the 1st quarter. GAMMA Investing LLC now owns 35,261 shares of the financial services provider’s stock worth $1,394,000 after purchasing an additional 34,518 shares in the last quarter. Principal Financial Group Inc. lifted its stake in NexPoint Residential Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 120,512 shares of the financial services provider’s stock worth $4,764,000 after purchasing an additional 3,207 shares in the last quarter. Northern Trust Corp raised its position in shares of NexPoint Residential Trust by 4.6% during the 1st quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock valued at $18,022,000 after buying an additional 19,927 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of NexPoint Residential Trust by 53.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,041 shares of the financial services provider’s stock valued at $488,000 after buying an additional 4,217 shares during the period. 76.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $30.92, for a total transaction of $154,600.00. Following the completion of the transaction, the director owned 65,900 shares in the company, valued at approximately $2,037,628. The trade was a 7.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 15.36% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on NXRT shares. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Wednesday. Zacks Research lowered shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 4th. Finally, Truist Financial reduced their price target on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, August 12th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $40.88.

NexPoint Residential Trust Stock Performance

NYSE:NXRT opened at $31.90 on Thursday. The company has a fifty day simple moving average of $32.45 and a two-hundred day simple moving average of $34.26. The company has a market cap of $808.98 million, a price-to-earnings ratio of -16.28 and a beta of 1.08. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 4.22. NexPoint Residential Trust, Inc. has a 52 week low of $29.98 and a 52 week high of $48.31.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $63.10 million during the quarter, compared to analyst estimates of $63.32 million. NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, equities analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.51 per share. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.4%. NexPoint Residential Trust’s payout ratio is presently -104.08%.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.