Deutsche Bank AG Has $15.93 Million Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Deutsche Bank AG boosted its position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 381,537 shares of the financial services provider's stock after buying an additional 9,754 shares during the quarter. Deutsche Bank AG owned approximately 1.50% of NexPoint Residential Trust worth $15,929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nexpoint Asset Management L.P. boosted its position in shares of 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 acquiring an additional 781,266 shares in the last quarter. BROOKFIELD Corp ON acquired a new stake in shares of NexPoint Residential Trust during the fourth quarter worth about $3,863,000. Northern Trust Corp lifted its holdings in shares of NexPoint Residential Trust by 18.6% in the fourth 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. First Trust Advisors LP bought a new position in NexPoint Residential Trust in the fourth quarter valued at approximately $2,590,000. Finally, Deprince Race & Zollo Inc. acquired a new stake in NexPoint Residential Trust during the 4th quarter valued at $2,482,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on NXRT. Raymond James cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday. StockNews.com downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Compass Point reiterated a "neutral" rating and set a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Citizens Jmp cut NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday. Finally, Jefferies Financial Group upped their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of "Hold" and an average target price of $44.25.

NexPoint Residential Trust Trading Down 2.5%

NXRT stock traded down $0.93 during midday trading on Monday, hitting $36.09. 173,822 shares of the company's stock were exchanged, compared to its average volume of 132,999. NexPoint Residential Trust, Inc. has a 1-year low of $30.98 and a 1-year high of $48.37. The stock has a market capitalization of $912.54 million, a PE ratio of 20.62, a P/E/G ratio of 2.34 and a beta of 1.14. The business has a 50-day simple moving average of $37.14 and a two-hundred day simple moving average of $40.37. 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 (NYSE:NXRT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. The business had revenue of $63.22 million for the quarter, compared to the consensus estimate of $63.29 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. On average, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Monday, June 16th. NexPoint Residential Trust's payout ratio is currently -159.37%.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,814 shares of the firm's stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.36% of the company's stock.

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.