NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Bought by GAMMA Investing LLC

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

Several other institutional investors also recently bought and sold shares of the company. Nexpoint Asset Management L.P. grew its position in 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 in the last quarter. Northern Trust Corp grew its position in NexPoint Residential Trust by 18.6% in the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider's stock valued at $18,202,000 after acquiring an additional 68,471 shares in the last quarter. Deutsche Bank AG grew its position in NexPoint Residential Trust by 2.6% in the 4th quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider's stock valued at $15,929,000 after acquiring an additional 9,754 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in NexPoint Residential Trust by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 338,512 shares of the financial services provider's stock valued at $14,133,000 after acquiring an additional 5,832 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of NexPoint Residential Trust by 194.3% in the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider's stock valued at $11,869,000 after buying an additional 187,680 shares during the period. 76.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on NXRT. Compass Point reiterated a "neutral" rating and set a $42.50 price target (down previously from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Raymond James lowered NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Citizens Jmp downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Truist Financial dropped their price objective on NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Finally, Wall Street Zen lowered NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $43.58.

NexPoint Residential Trust Trading Down 2.5%

Shares of NexPoint Residential Trust stock opened at $33.90 on Friday. The company has a fifty day simple moving average of $35.56 and a 200-day simple moving average of $38.88. NexPoint Residential Trust, Inc. has a 12-month low of $30.98 and a 12-month high of $48.37. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock has a market cap of $857.09 million, a price-to-earnings ratio of 19.37, a PEG ratio of 2.34 and a beta of 1.08.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.84 EPS for the quarter, topping the consensus estimate 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 return on equity of 9.54% and a net margin of 17.54%. On average, equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

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

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards bought 1,000 shares of the company'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 completion of the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.36% of the stock is owned by insiders.

NexPoint Residential Trust Company 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.

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