ProShare Advisors LLC Reduces Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

ProShare Advisors LLC cut its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 45.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,395 shares of the financial services provider's stock after selling 146,119 shares during the period. ProShare Advisors LLC owned approximately 0.68% of NexPoint Residential Trust worth $7,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. lifted its stake in NexPoint Residential Trust by 164.0% during the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider's stock valued at $1,506,000 after acquiring an additional 21,660 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of NexPoint Residential Trust by 3.7% in the fourth quarter. SG Americas Securities LLC now owns 16,249 shares of the financial services provider's stock valued at $678,000 after purchasing an additional 579 shares during the last quarter. Copeland Capital Management LLC lifted its position in shares of NexPoint Residential Trust by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider's stock valued at $37,982,000 after purchasing an additional 8,072 shares in the last quarter. abrdn plc boosted its holdings in NexPoint Residential Trust by 30.6% during the fourth quarter. abrdn plc now owns 6,068 shares of the financial services provider's stock worth $251,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in NexPoint Residential Trust by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock worth $177,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

NexPoint Residential Trust Stock Performance

NYSE NXRT traded down $0.65 on Friday, hitting $33.37. 77,388 shares of the stock traded hands, compared to its average volume of 133,809. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The business's fifty day moving average is $36.84 and its two-hundred day moving average is $40.22. NexPoint Residential Trust, Inc. has a 12 month low of $30.98 and a 12 month high of $48.37. The firm has a market capitalization of $843.74 million, a price-to-earnings ratio of 19.07, a PEG ratio of 2.34 and a beta of 1.14.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. The firm had revenue of $63.22 million for the quarter, compared to analysts' expectations of $63.29 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend is Monday, June 16th. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -159.37%.

Insiders Place Their Bets

In other NexPoint Residential Trust news, insider Paul Richards purchased 5,814 shares of the stock in a transaction dated Monday, April 7th. The shares were bought at an average price 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 approximately $614,707.32. This trade represents a 45.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.36% of the company's stock.

Wall Street Analyst Weigh In

NXRT has been the topic of several recent analyst reports. Compass Point reissued 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. Citizens Jmp lowered NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday. Raymond James downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Jefferies Financial Group raised their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a research report on Monday, March 10th. 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 issued a hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $44.25.

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.