Narwhal Capital Management Has $1.27 Million Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Narwhal Capital Management trimmed its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 32.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,162 shares of the financial services provider's stock after selling 15,508 shares during the period. Narwhal Capital Management owned 0.13% of NexPoint Residential Trust worth $1,271,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NexPoint Residential Trust by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 266 shares during the last quarter. Van ECK Associates Corp boosted its stake in NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock valued at $177,000 after purchasing an additional 336 shares during the period. Capital Square LLC grew its holdings in NexPoint Residential Trust by 2.9% in the 4th quarter. Capital Square LLC now owns 12,741 shares of the financial services provider's stock valued at $493,000 after buying an additional 356 shares during the last quarter. Envestnet Asset Management Inc. increased its position in NexPoint Residential Trust by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider's stock worth $5,892,000 after buying an additional 364 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of NexPoint Residential Trust by 2.0% during the fourth quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider's stock worth $951,000 after buying an additional 439 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NXRT has been the topic of several research analyst reports. Truist Financial lowered their price objective on shares of NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Raymond James Financial lowered shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Wall Street Zen lowered shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Citizens Jmp cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Jefferies Financial Group boosted their price target on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $43.58.

Insiders Place Their Bets

In other news, insider Paul Richards bought 1,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $33.18 per share, for a total transaction of $33,180.00. Following the completion of the purchase, the insider now owns 19,869 shares in the company, valued at approximately $659,253.42. This trade represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.36% of the company's stock.

NexPoint Residential Trust Stock Up 0.2%

NXRT traded up $0.05 during trading on Friday, reaching $33.21. The company had a trading volume of 356,900 shares, compared to its average volume of 135,085. The company has a market cap of $839.57 million, a P/E ratio of -25.95, a PEG ratio of 1.93 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. 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 business's fifty day moving average price is $35.20 and its 200 day moving average price is $38.02.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. The company had revenue of $63.22 million for the quarter, compared to the consensus estimate of $63.29 million. NexPoint Residential Trust had a negative net margin of 12.57% and a negative return on equity of 7.42%. Equities analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a yield of 6.14%. NexPoint Residential Trust's dividend payout ratio (DPR) is -159.38%.

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.