Flax Pond Capital LLC Purchases New Shares in NexPoint Residential Trust, Inc. $NXRT

Flax Pond Capital LLC acquired a new stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 161,893 shares of the financial services provider’s stock, valued at approximately $4,047,000. NexPoint Residential Trust makes up 3.3% of Flax Pond Capital LLC’s portfolio, making the stock its 12th largest position.

Other hedge funds have also recently bought and sold shares of the company. Long Pond Capital LP raised its holdings in shares of NexPoint Residential Trust by 54.9% in the fourth quarter. Long Pond Capital LP now owns 842,870 shares of the financial services provider’s stock valued at $25,370,000 after purchasing an additional 298,781 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in NexPoint Residential Trust by 49.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 827,052 shares of the financial services provider’s stock worth $24,894,000 after acquiring an additional 272,391 shares during the period. Marnell Management LLC purchased a new position in NexPoint Residential Trust in the fourth quarter worth $5,220,000. Starwood Capital Group Management L.L.C. boosted its position in NexPoint Residential Trust by 19.1% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 989,419 shares of the financial services provider’s stock worth $29,782,000 after purchasing an additional 158,750 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NexPoint Residential Trust by 436.3% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,258 shares of the financial services provider’s stock valued at $4,004,000 after purchasing an additional 101,088 shares during the period. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Trading Down 1.8%

Shares of NXRT opened at $26.54 on Friday. NexPoint Residential Trust, Inc. has a fifty-two week low of $23.79 and a fifty-two week high of $34.87. The business has a 50-day moving average of $27.84 and a 200 day moving average of $28.01. The firm has a market cap of $676.38 million, a P/E ratio of -20.89 and a beta of 1.18. The company has a debt-to-equity ratio of 5.75, a quick ratio of 2.40 and a current ratio of 2.40.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.10. The business had revenue of $63.54 million for the quarter, compared to the consensus estimate of $63.20 million. NexPoint Residential Trust had a negative net margin of 12.67% and a negative return on equity of 10.30%. As a group, research analysts forecast that NexPoint Residential Trust, Inc. will post 2.36 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 8.0%. NexPoint Residential Trust’s dividend payout ratio is -166.93%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NXRT shares. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of NexPoint Residential Trust in a research note on Monday, July 20th. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Truist Financial decreased their price target on shares of NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded NexPoint Residential Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, NexPoint Residential Trust currently has a consensus rating of “Hold” and a consensus target price of $22.00.

NexPoint Residential Trust Company Profile

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.