Tidal Investments LLC Sells 16,969 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Tidal Investments LLC trimmed its position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 64.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,514 shares of the financial services provider's stock after selling 16,969 shares during the period. Tidal Investments LLC's holdings in NexPoint Residential Trust were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Nexpoint Asset Management L.P. raised its position in shares of NexPoint Residential Trust by 100.0% in the 4th 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 acquiring an additional 781,266 shares during the period. Copeland Capital Management LLC raised its position in shares of NexPoint Residential Trust by 0.9% in the 4th quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider's stock valued at $37,982,000 after acquiring an additional 8,072 shares during the period. Northern Trust Corp raised its holdings in NexPoint Residential Trust by 18.6% during the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider's stock worth $18,202,000 after buying an additional 68,471 shares during the period. Deutsche Bank AG raised its holdings in NexPoint Residential Trust by 2.6% during the 4th quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider's stock worth $15,929,000 after buying an additional 9,754 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 during the period. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Down 0.1%

Shares of NYSE:NXRT traded down $0.02 during midday trading on Tuesday, hitting $33.87. The stock had a trading volume of 174,597 shares, compared to its average volume of 132,027. NexPoint Residential Trust, Inc. has a 12 month low of $30.98 and a 12 month high of $48.37. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The business's 50-day simple moving average is $36.09 and its 200-day simple moving average is $39.56. The company has a market cap of $856.43 million, a P/E ratio of 19.35, a PEG ratio of 2.34 and a beta of 1.14.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its earnings results 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. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The business had revenue of $63.22 million during the quarter, compared to analysts' expectations of $63.29 million. On average, sell-side analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 6.02%. NexPoint Residential Trust's dividend payout ratio is presently -159.37%.

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards acquired 5,814 shares of NexPoint Residential Trust stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of $33.24 per share, with a total value of $193,257.36. Following the completion of the transaction, the insider now directly owns 18,493 shares in the company, valued at $614,707.32. This trade represents a 45.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on NXRT shares. Compass Point restated a "neutral" rating and set a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Citizens Jmp downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Truist Financial dropped their target price on shares of NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. JMP Securities restated a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. Finally, Wall Street Zen downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.