NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 891,235 shares of the financial services provider's stock after selling 18,523 shares during the quarter. Copeland Capital Management LLC owned 3.49% of NexPoint Residential Trust worth $35,231,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Nexpoint Asset Management L.P. grew its holdings in NexPoint Residential Trust by 100.0% in the fourth 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 during the period. Millennium Management LLC grew its stake in NexPoint Residential Trust by 194.3% in the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider's stock valued at $11,869,000 after acquiring an additional 187,680 shares during the period. BROOKFIELD Corp ON purchased a new stake in NexPoint Residential Trust in the 4th quarter worth $3,863,000. Northern Trust Corp increased its holdings in NexPoint Residential Trust by 18.6% in the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider's stock worth $18,202,000 after acquiring an additional 68,471 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in NexPoint Residential Trust during the fourth quarter worth $2,590,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Trading Up 0.8%

NXRT traded up $0.26 during trading hours on Tuesday, reaching $33.58. The company's stock had a trading volume of 195,336 shares, compared to its average volume of 132,390. The business's 50-day moving average is $35.14 and its 200-day moving average is $37.83. The company has a debt-to-equity ratio of 3.86, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a market cap of $848.93 million, a PE ratio of -26.24, a P/E/G ratio of 1.97 and a beta of 1.08. NexPoint Residential Trust, Inc. has a fifty-two week low of $30.98 and a fifty-two week high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. The firm had revenue of $63.22 million during the quarter, compared to analysts' expectations 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 predict that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.51 per share. The ex-dividend date was Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 6.07%. NexPoint Residential Trust's dividend payout ratio is presently -159.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NXRT shares. Compass Point reissued a "neutral" rating and set a $42.50 target price (down previously from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. Citizens Jmp cut NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Truist Financial decreased their target price on NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Raymond James Financial cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Finally, JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $43.58.

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards acquired 5,814 shares of NexPoint Residential Trust stock in a transaction dated Monday, April 7th. The shares were acquired at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the completion of the purchase, the insider owned 18,493 shares in the company, valued at approximately $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 can be accessed through this link. Insiders have purchased a total of 11,814 shares of company stock valued at $391,037 over the last ninety days. Company insiders own 15.36% of the company's stock.

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.