Envestnet Asset Management Inc. Has $4.33 Million Stock Position in NexPoint Residential Trust, Inc. $NXRT

Envestnet Asset Management Inc. lowered its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,875 shares of the financial services provider’s stock after selling 11,279 shares during the quarter. Envestnet Asset Management Inc.’s holdings in NexPoint Residential Trust were worth $4,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of NexPoint Residential Trust by 2.7% in the first quarter. Principal Financial Group Inc. now owns 120,512 shares of the financial services provider’s stock worth $4,764,000 after acquiring an additional 3,207 shares in the last quarter. Northern Trust Corp boosted its stake in NexPoint Residential Trust by 4.6% in the 1st quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock worth $18,022,000 after purchasing an additional 19,927 shares during the period. Virtus Advisers LLC purchased a new position in NexPoint Residential Trust during the 1st quarter worth approximately $415,000. Invesco Ltd. grew its position in NexPoint Residential Trust by 63.9% during the 1st quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock worth $13,056,000 after purchasing an additional 128,745 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in NexPoint Residential Trust by 26.5% during the 1st quarter. Hsbc Holdings PLC now owns 43,458 shares of the financial services provider’s stock valued at $1,714,000 after purchasing an additional 9,091 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Truist Financial decreased their price objective on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $40.88.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT opened at $31.29 on Friday. The firm has a market cap of $793.51 million, a price-to-earnings ratio of -16.30 and a beta of 1.09. NexPoint Residential Trust, Inc. has a 1 year low of $29.93 and a 1 year high of $48.31. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.55. The business has a fifty day simple moving average of $31.83 and a 200 day simple moving average of $33.24.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. NexPoint Residential Trust had a negative return on equity of 13.32% and a negative net margin of 19.23%.The company had revenue of $62.83 million for the quarter, compared to analyst estimates of $63.04 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. As a group, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, December 15th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 6.8%. NexPoint Residential Trust’s payout ratio is -106.25%.

Insiders Place Their Bets

In other NexPoint Residential Trust news, Director Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $30.52, for a total value of $152,600.00. Following the completion of the sale, the director directly owned 60,900 shares in the company, valued at $1,858,668. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.36% of the company’s stock.

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.