Graybill Wealth Management LTD. Makes New Investment in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Graybill Wealth Management LTD. acquired a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 71,198 shares of the financial services provider's stock, valued at approximately $2,814,000. Graybill Wealth Management LTD. owned approximately 0.28% of NexPoint Residential Trust as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NXRT. Charles Schwab Investment Management Inc. raised its holdings in shares of NexPoint Residential Trust by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 338,512 shares of the financial services provider's stock worth $14,133,000 after buying an additional 5,832 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of NexPoint Residential Trust during the 4th quarter worth $458,000. Raymond James Financial Inc. acquired a new position in shares of NexPoint Residential Trust during the 4th quarter worth $575,000. Picton Mahoney Asset Management raised its holdings in shares of NexPoint Residential Trust by 44.2% during the 4th quarter. Picton Mahoney Asset Management now owns 11,875 shares of the financial services provider's stock worth $496,000 after buying an additional 3,641 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of NexPoint Residential Trust by 226.0% during the 4th quarter. Teacher Retirement System of Texas now owns 22,249 shares of the financial services provider's stock worth $929,000 after buying an additional 15,425 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

Insider Activity

In related news, insider Paul Richards acquired 5,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was bought at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the completion of the transaction, the insider directly owned 24,689 shares of the company's stock, valued at $812,761.88. The trade was a 25.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.36% of the stock is owned by company insiders.

NexPoint Residential Trust Trading Down 1.6%

Shares of NXRT traded down $0.55 during mid-day trading on Tuesday, reaching $33.71. 39,125 shares of the company were exchanged, compared to its average volume of 133,175. NexPoint Residential Trust, Inc. has a 52 week low of $30.98 and a 52 week high of $48.37. 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 stock has a market capitalization of $852.06 million, a PE ratio of -26.36, a PEG ratio of 2.02 and a beta of 1.06. The business has a 50 day simple moving average of $34.55 and a two-hundred day simple moving average of $37.26.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a negative return on equity of 7.42% and a negative net margin of 12.57%. The company had revenue of $63.22 million during the quarter, compared to the consensus estimate of $63.29 million. On average, 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 business also recently disclosed 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 of this dividend was Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.05%. NexPoint Residential Trust's dividend payout ratio (DPR) is -159.38%.

Analysts Set New Price Targets

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

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.