GAMMA Investing LLC Grows Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

GAMMA Investing LLC boosted its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 4,645.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,261 shares of the financial services provider's stock after buying an additional 34,518 shares during the quarter. GAMMA Investing LLC owned 0.14% of NexPoint Residential Trust worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 456 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of NexPoint Residential Trust in the fourth quarter valued at approximately $35,000. Meeder Asset Management Inc. grew its position in shares of NexPoint Residential Trust by 158.3% in the fourth quarter. Meeder Asset Management Inc. now owns 2,462 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 1,509 shares during the last quarter. Van ECK Associates Corp grew its position in shares of NexPoint Residential Trust by 8.6% in the fourth 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 last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of NexPoint Residential Trust in the fourth quarter valued at approximately $211,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NexPoint Residential Trust news, insider Paul Richards bought 1,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $33.18 per share, with a total value of $33,180.00. Following the purchase, the insider now owns 19,869 shares in the company, valued at approximately $659,253.42. The trade was a 5.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 15.36% of the company's stock.

NexPoint Residential Trust Trading Up 0.0%

Shares of NXRT traded up $0.02 during mid-day trading on Wednesday, reaching $33.20. The company had a trading volume of 106,125 shares, compared to its average volume of 133,154. The stock has a market cap of $839.19 million, a price-to-earnings ratio of -25.93, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08. The firm has a fifty day simple moving average of $35.51 and a 200-day simple moving average of $38.64. NexPoint Residential Trust, Inc. has a fifty-two week low of $30.98 and a fifty-two week high of $48.37. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 3.86.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share 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 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, sell-side analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Monday, June 16th. NexPoint Residential Trust's dividend payout ratio is presently -159.38%.

Analyst Ratings Changes

NXRT has been the topic of several research reports. Truist Financial lowered their price target on shares of 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. Citizens Jmp lowered shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Jefferies Financial Group increased their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a research report on Monday, March 10th. JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Finally, Compass Point restated a "neutral" rating and set a $42.50 target price (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.