Deprince Race & Zollo Inc. Takes Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Deprince Race & Zollo Inc. acquired a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 59,448 shares of the financial services provider's stock, valued at approximately $2,482,000. Deprince Race & Zollo Inc. owned approximately 0.23% of NexPoint Residential Trust at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NXRT. BROOKFIELD Corp ON bought a new position in shares of NexPoint Residential Trust in the fourth quarter valued at approximately $3,863,000. Bank of America Corp DE raised its holdings in NexPoint Residential Trust by 87.1% during the fourth quarter. Bank of America Corp DE now owns 102,499 shares of the financial services provider's stock worth $4,279,000 after purchasing an additional 47,714 shares in the last quarter. Algert Global LLC boosted its stake in NexPoint Residential Trust by 10.7% during the 4th quarter. Algert Global LLC now owns 72,245 shares of the financial services provider's stock valued at $3,016,000 after purchasing an additional 6,972 shares in the last quarter. Nexpoint Asset Management L.P. boosted its stake in NexPoint Residential Trust by 100.0% during the 4th quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider's stock valued at $65,245,000 after purchasing an additional 781,266 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in NexPoint Residential Trust by 18.6% during the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider's stock valued at $18,202,000 after purchasing an additional 68,471 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Up 0.9%

Shares of NXRT traded up $0.34 during mid-day trading on Monday, reaching $37.59. The company's stock had a trading volume of 155,769 shares, compared to its average volume of 132,043. The business has a fifty day moving average of $37.54 and a 200 day moving average of $40.58. The company has a market cap of $950.46 million, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14. NexPoint Residential Trust, Inc. has a 1 year low of $30.98 and a 1 year high of $48.37. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25.

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 during the quarter, compared to analyst estimates of $63.29 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. As a group, analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Monday, June 16th. NexPoint Residential Trust's dividend payout ratio is -159.37%.

Insider Buying and Selling

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,814 shares of NexPoint Residential Trust stock in a transaction on Monday, April 7th. The shares were bought at an average price of $33.24 per share, with a total value of $193,257.36. Following the completion of the purchase, the insider now owns 18,493 shares in the company, valued at $614,707.32. This trade represents a 45.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.