Dark Forest Capital Management LP Buys New Shares in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Dark Forest Capital Management LP acquired a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,057 shares of the financial services provider's stock, valued at approximately $670,000. Dark Forest Capital Management LP owned about 0.06% of NexPoint Residential Trust as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NXRT. Hsbc Holdings PLC raised its position in shares of NexPoint Residential Trust by 14.6% during the fourth quarter. Hsbc Holdings PLC now owns 34,367 shares of the financial services provider's stock worth $1,429,000 after acquiring an additional 4,389 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of NexPoint Residential Trust by 453.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,707 shares of the financial services provider's stock valued at $447,000 after purchasing an additional 8,771 shares in the last quarter. MetLife Investment Management LLC lifted its stake in NexPoint Residential Trust by 6.6% in the fourth quarter. MetLife Investment Management LLC now owns 14,416 shares of the financial services provider's stock valued at $602,000 after buying an additional 887 shares in the last quarter. First Trust Advisors LP acquired a new position in NexPoint Residential Trust in the 4th quarter worth $2,590,000. Finally, Capital Square LLC boosted its position in shares of NexPoint Residential Trust by 2.9% during the fourth quarter. Capital Square LLC now owns 12,741 shares of the financial services provider's stock worth $493,000 after buying an additional 356 shares during the period. Institutional investors own 76.61% of the company's stock.

Insiders Place Their Bets

In related news, insider Paul Richards acquired 5,814 shares of the stock in a transaction on Monday, April 7th. The shares were acquired at an average price of $33.24 per share, with a total value of $193,257.36. Following the completion of the transaction, the insider now owns 18,493 shares in the company, valued at approximately $614,707.32. The trade was a 45.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

NexPoint Residential Trust Trading Down 1.9 %

NXRT stock traded down $0.72 during trading on Wednesday, hitting $36.68. The company had a trading volume of 24,049 shares, compared to its average volume of 131,611. The stock has a market cap of $936.46 million, a PE ratio of 20.98, a PEG ratio of 2.34 and a beta of 1.18. 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 one year low of $30.98 and a one year high of $48.37. The business has a 50-day moving average of $38.04 and a 200-day moving average of $40.97.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. The company had revenue of $63.22 million for the quarter, compared to the consensus estimate of $63.29 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. Research analysts predict that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.56%. NexPoint Residential Trust's payout ratio is -20,400.00%.

NexPoint Residential Trust Company Profile

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.