Copeland Capital Management LLC Sells 18,523 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Copeland Capital Management LLC decreased its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 891,235 shares of the financial services provider's stock after selling 18,523 shares during the period. Copeland Capital Management LLC owned approximately 3.49% of NexPoint Residential Trust worth $35,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NXRT. Farther Finance Advisors LLC lifted its stake in NexPoint Residential Trust by 1,732.4% during the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock valued at $25,000 after buying an additional 589 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in NexPoint Residential Trust by 104.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock valued at $37,000 after buying an additional 456 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in NexPoint Residential Trust during the fourth quarter valued at about $35,000. Meeder Asset Management Inc. lifted its stake in NexPoint Residential Trust by 158.3% during the fourth quarter. Meeder Asset Management Inc. now owns 2,462 shares of the financial services provider's stock valued at $103,000 after buying an additional 1,509 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in NexPoint Residential Trust during the fourth quarter valued at about $211,000. Institutional investors own 76.61% of the company's stock.

Insider Activity at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $33.18 per share, with a total value of $33,180.00. Following the completion of the transaction, the insider now owns 19,869 shares in the company, valued at $659,253.42. The trade was a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have acquired 11,814 shares of company stock valued at $391,037. 15.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citizens Jmp lowered shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Raymond James Financial lowered shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Truist Financial reduced their price objective on shares of NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Finally, Jefferies Financial Group increased their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a research report 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's stock. Based on data from MarketBeat, NexPoint Residential Trust currently has an average rating of "Hold" and a consensus target price of $43.58.

NexPoint Residential Trust Stock Up 0.2%

Shares of NYSE NXRT traded up $0.05 during mid-day trading on Friday, reaching $33.21. The company had a trading volume of 356,900 shares, compared to its average volume of 132,026. The stock has a fifty day moving average of $35.20 and a two-hundred day moving average of $37.96. The company has a debt-to-equity ratio of 3.86, a quick ratio of 2.65 and a current ratio of 2.65. The company has a market capitalization of $839.57 million, a price-to-earnings ratio of -25.95, a PEG ratio of 1.97 and a beta of 1.08. NexPoint Residential Trust, Inc. has a 12-month low of $30.98 and a 12-month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $63.22 million for the quarter, compared to analyst estimates of $63.29 million. NexPoint Residential Trust had a negative net margin of 12.57% and a negative return on equity of 7.42%. As a group, equities research analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed 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 yield of 6.14%. The ex-dividend date of this dividend is Monday, June 16th. NexPoint Residential Trust's payout ratio is presently -159.38%.

NexPoint Residential Trust 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.