NexPoint Residential Trust, Inc. (NYSE:NXRT) Short Interest Up 29.2% in March

NexPoint Residential Trust, Inc. (NYSE:NXRT) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 837,739 shares, an increase of 29.2% from the February 26th total of 648,407 shares. Approximately 3.9% of the company’s shares are sold short. Based on an average daily volume of 214,023 shares, the days-to-cover ratio is presently 3.9 days.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday, March 10th. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Truist Financial decreased their price objective on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Finally, Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $34.75.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Paul Richards acquired 2,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $26.34 per share, with a total value of $52,680.00. Following the completion of the purchase, the insider owned 28,186 shares of the company’s stock, valued at $742,419.24. This represents a 7.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Matt Mcgraner purchased 2,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were acquired at an average price of $24.37 per share, for a total transaction of $48,740.00. Following the completion of the purchase, the insider directly owned 331,334 shares of the company’s stock, valued at approximately $8,074,609.58. This trade represents a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 8,700 shares of company stock valued at $223,777. Company insiders own 15.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NXRT. Smartleaf Asset Management LLC lifted its stake in NexPoint Residential Trust by 205.0% during the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 576 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of NexPoint Residential Trust by 27.4% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock valued at $54,000 after buying an additional 386 shares during the last quarter. Versant Capital Management Inc grew its position in shares of NexPoint Residential Trust by 334.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after buying an additional 1,491 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in NexPoint Residential Trust by 121.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in NexPoint Residential Trust in the fourth quarter valued at $96,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 2.0%

Shares of NexPoint Residential Trust stock traded down $0.50 during trading on Friday, hitting $24.62. 188,284 shares of the stock were exchanged, compared to its average volume of 247,057. The company has a debt-to-equity ratio of 5.27, a current ratio of 2.27 and a quick ratio of 2.27. The firm’s 50-day moving average price is $28.49 and its 200 day moving average price is $30.07. The stock has a market cap of $625.65 million, a price-to-earnings ratio of -19.39 and a beta of 1.19. NexPoint Residential Trust has a 12-month low of $23.85 and a 12-month high of $40.78.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Friday, March 13th. NexPoint Residential Trust’s payout ratio is -166.93%.

About NexPoint Residential Trust

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.