NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 91.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,278 shares of the financial services provider's stock after selling 66,914 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in NexPoint Residential Trust were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of NexPoint Residential Trust in the 4th quarter valued at $1,127,000. JPMorgan Chase & Co. boosted its holdings in shares of NexPoint Residential Trust by 27.3% in the 4th quarter. JPMorgan Chase & Co. now owns 149,020 shares of the financial services provider's stock valued at $6,222,000 after buying an additional 31,930 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of NexPoint Residential Trust during the 4th quarter worth approximately $211,000. Sei Investments Co. lifted its position in NexPoint Residential Trust by 1.8% during the fourth quarter. Sei Investments Co. now owns 34,982 shares of the financial services provider's stock valued at $1,461,000 after acquiring an additional 631 shares during the last quarter. Finally, Summit Global Investments boosted its stake in NexPoint Residential Trust by 33.7% in the fourth quarter. Summit Global Investments now owns 12,966 shares of the financial services provider's stock valued at $541,000 after acquiring an additional 3,269 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Raymond James decreased their price objective on NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating for the company in a report on Thursday, March 20th. Jefferies Financial Group increased their price objective on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Truist Financial raised their price target on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Finally, StockNews.com downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, NexPoint Residential Trust has an average rating of "Hold" and a consensus target price of $46.33.

NexPoint Residential Trust Stock Performance

NXRT traded up $0.80 on Friday, reaching $36.41. The stock had a trading volume of 98,330 shares, compared to its average volume of 132,412. The business's 50-day moving average price is $38.47 and its two-hundred day moving average price is $41.26. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a 12-month low of $30.98 and a 12-month high of $48.37. The company has a market cap of $929.67 million, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.51 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 5.60%. NexPoint Residential Trust's payout ratio is -20,400.00%.

Insider Buying and Selling at NexPoint Residential Trust

In related news, insider Paul Richards purchased 5,814 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $33.24 per share, with a total value of $193,257.36. Following the purchase, the insider now owns 18,493 shares of the company's stock, valued at $614,707.32. The trade was a 45.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.96% of the stock is owned by corporate insiders.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.