NexPoint Residential Trust (NYSE:NXRT) Reaches New 52-Week Low – What’s Next?

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) reached a new 52-week low on Tuesday . The company traded as low as $26.95 and last traded at $26.9550, with a volume of 18196 shares traded. The stock had previously closed at $28.19.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NXRT shares. Truist Financial reduced their price objective on NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Raymond James Financial restated an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday. Wall Street Zen lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $39.88.

NexPoint Residential Trust Stock Performance

The firm’s 50-day moving average price is $30.05 and its 200 day moving average price is $31.05. The company has a market cap of $688.52 million, a price-to-earnings ratio of -21.38 and a beta of 1.19. The company has a debt-to-equity ratio of 5.27, a quick ratio of 2.27 and a current ratio of 2.27.

NexPoint Residential Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a yield of 7.8%. NexPoint Residential Trust’s payout ratio is presently -166.93%.

Insider Activity at NexPoint Residential Trust

In other NexPoint Residential Trust news, Director Brian Mitts sold 8,452 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $28.05, for a total value of $237,078.60. Following the transaction, the director directly owned 52,448 shares of the company’s stock, valued at $1,471,166.40. This represents a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.36% of the company’s stock.

Institutional Trading of NexPoint Residential Trust

Several large investors have recently modified their holdings of NXRT. Smartleaf Asset Management LLC boosted its position in NexPoint Residential Trust by 205.0% in the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock valued at $27,000 after buying an additional 576 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake 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 period. Versant Capital Management Inc raised its stake in NexPoint Residential Trust by 334.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock worth $62,000 after buying an additional 1,491 shares during the period. Tower Research Capital LLC TRC boosted its holdings in NexPoint Residential Trust by 121.1% in the second 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. acquired a new stake in NexPoint Residential Trust in the fourth quarter valued at approximately $96,000. 76.61% of the stock is owned by institutional investors and hedge funds.

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.