Graybill Wealth Management LTD. Buys New Shares 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) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 71,198 shares of the financial services provider's stock, valued at approximately $2,814,000. Graybill Wealth Management LTD. owned about 0.28% of NexPoint Residential Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in NexPoint Residential Trust by 1,732.4% in the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 589 shares during the period. Johnson Financial Group Inc. purchased a new stake in NexPoint Residential Trust during the fourth quarter worth about $35,000. Meeder Asset Management Inc. boosted its holdings 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 worth $103,000 after buying an additional 1,509 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of NexPoint Residential Trust in the fourth quarter valued at about $211,000. Finally, Quantinno Capital Management LP lifted its stake in NexPoint Residential Trust by 13.3% in the 4th quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider's stock valued at $287,000 after buying an additional 804 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT traded down $0.12 during midday trading on Thursday, reaching $34.27. The company's stock had a trading volume of 31,133 shares, compared to its average volume of 133,391. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 3.86. The company has a 50 day moving average price of $34.32 and a 200 day moving average price of $37.16. NexPoint Residential Trust, Inc. has a one year low of $30.98 and a one year high of $48.37. The company has a market cap of $866.22 million, a price-to-earnings ratio of -26.77, a price-to-earnings-growth ratio of 2.00 and a beta of 1.06.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued 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 negative net margin of 12.57% and a negative return on equity of 7.42%. On average, 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 announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend was Monday, June 16th. NexPoint Residential Trust's dividend payout ratio is -159.38%.

Insider Buying and Selling

In other NexPoint Residential Trust news, insider Paul Richards bought 5,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of $32.92 per share, with a total value of $164,600.00. Following the completion of the transaction, the insider directly owned 24,689 shares of the company's stock, valued at approximately $812,761.88. The trade was a 25.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.