NexPoint Residential Trust (NYSE:NXRT) Sets New 12-Month Low – Here’s What Happened

NexPoint Residential Trust, Inc. (NYSE:NXRT)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.66 and last traded at $21.0160, with a volume of 4313507 shares traded. The stock had previously closed at $21.04.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NXRT shares. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Zacks Research lowered shares of NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft set a $23.00 price target on shares of NexPoint Residential Trust in a research note on Wednesday, September 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NexPoint Residential Trust in a report on Friday, July 31st. Finally, Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust currently has an average rating of “Reduce” and a consensus price target of $24.50.

NexPoint Residential Trust Trading Up 0.4%

The stock has a market cap of $539.62 million, a P/E ratio of -15.85, a P/E/G ratio of 0.54 and a beta of 1.15. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92. The stock’s fifty day moving average is $24.67 and its 200 day moving average is $26.42.

NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.03. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%.The firm had revenue of $64.61 million for the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. As a group, equities research analysts predict that NexPoint Residential Trust, Inc. will post 2.25 earnings per share for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Tuesday, September 15th. NexPoint Residential Trust’s dividend payout ratio is presently -159.40%.

Institutional Trading of NexPoint Residential Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG boosted its stake in shares of NexPoint Residential Trust by 44.7% during the fourth quarter. UBS Group AG now owns 115,555 shares of the financial services provider’s stock valued at $3,478,000 after purchasing an additional 35,683 shares during the period. Paralel Advisors LLC purchased a new position in NexPoint Residential Trust in the 2nd quarter worth about $2,013,000. Bank of New York Mellon Corp bought a new stake in NexPoint Residential Trust during the 2nd quarter valued at about $4,002,000. Marnell Management LLC purchased a new stake in NexPoint Residential Trust in the 4th quarter valued at about $5,220,000. Finally, Flax Pond Capital LLC purchased a new stake in NexPoint Residential Trust in the 1st quarter valued at about $4,047,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc is a real estate investment trust (REIT) that owns and operates multifamily apartment communities in the United States. The company focuses primarily on workforce housing and value-add properties, seeking to improve communities through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio has historically been concentrated in the Sun Belt, including markets across the southeastern and southwestern United States.