Brian Mitts Sells 24,296 Shares of NexPoint Residential Trust (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 24,296 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $28.85, for a total value of $700,939.60. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Brian Mitts also recently made the following trade(s):

• On Friday, December 19th, Brian Mitts sold 8,452 shares of NexPoint Residential Trust stock. The stock was sold at an average price of $28.05, for a total value of $237,078.60.
• On Friday, October 31st, Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock. The shares were sold at an average price of $30.52, for a total transaction of $152,600.00.

NexPoint Residential Trust Trading Up 0.4%

Shares of NXRT opened at $29.17 on Wednesday. NexPoint Residential Trust, Inc. has a 12-month low of $27.69 and a 12-month high of $43.13. The firm has a market capitalization of $739.65 million, a P/E ratio of -15.19 and a beta of 1.17. The firm has a 50-day moving average price of $30.61 and a 200 day moving average price of $32.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.55.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. 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. Sell-side analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 7.3%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, December 15th. NexPoint Residential Trust’s payout ratio is -110.42%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in NexPoint Residential Trust by 205.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock worth $27,000 after buying an additional 576 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of NexPoint Residential Trust in the second quarter worth $47,000. Quantbot Technologies LP purchased a new stake in shares of NexPoint Residential Trust during the first quarter worth $56,000. Versant Capital Management Inc raised its stake in shares of NexPoint Residential Trust by 334.3% in the third quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,491 shares in the last quarter. Finally, 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 valued at $88,000 after purchasing an additional 1,455 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NXRT shares. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Wednesday, October 8th. Zacks Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Finally, Truist Financial decreased their price objective on shares of NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, November 17th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $40.13.

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.