Short Interest in NexPoint Residential Trust, Inc. (NYSE:NXRT) Increases By 49.2%

NexPoint Residential Trust, Inc. (NYSE:NXRT) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 674,900 shares, an increase of 49.2% from the August 31st total of 452,200 shares. Based on an average trading volume of 181,400 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.2% of the shares of the company are sold short. Currently, 3.2% of the shares of the company are sold short. Based on an average trading volume of 181,400 shares, the days-to-cover ratio is presently 3.7 days.

Insider Activity

In other 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 of the company’s stock, 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 15.36% of the company’s stock.

Institutional Trading of NexPoint Residential Trust

Several institutional investors and hedge funds have recently bought and sold shares of NXRT. Farther Finance Advisors LLC raised its holdings in NexPoint Residential Trust by 1,732.4% during the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock worth $25,000 after buying an additional 589 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at about $47,000. New Age Alpha Advisors LLC acquired a new position in shares of NexPoint Residential Trust in the 1st quarter valued at about $53,000. Quantbot Technologies LP acquired a new position in shares of NexPoint Residential Trust in the 1st quarter valued at about $56,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of NexPoint Residential Trust by 121.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 1,455 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Ratings Changes

NXRT has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Wednesday. Truist Financial cut their price objective on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating on the stock in a research note on Tuesday, August 12th. Finally, Zacks Research cut shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 4th. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $40.88.

NexPoint Residential Trust Price Performance

Shares of NexPoint Residential Trust stock opened at $31.90 on Thursday. The company’s 50-day moving average price is $32.45 and its two-hundred day moving average price is $34.26. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. The stock has a market cap of $808.98 million, a PE ratio of -16.28 and a beta of 1.08. NexPoint Residential Trust 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 data on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $63.10 million for 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, sell-side analysts anticipate that NexPoint Residential Trust will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

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

NexPoint Residential Trust Company Profile

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.