ProShare Advisors LLC Has $7.24 Million Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

ProShare Advisors LLC trimmed its position 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 filing with the Securities and Exchange Commission (SEC). The fund owned 173,395 shares of the financial services provider's stock after selling 146,119 shares during the quarter. ProShare Advisors LLC owned approximately 0.68% of NexPoint Residential Trust worth $7,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NXRT. Franklin Resources Inc. lifted its holdings in shares of 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 buying an additional 21,660 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of NexPoint Residential Trust by 3.7% in the 4th quarter. SG Americas Securities LLC now owns 16,249 shares of the financial services provider's stock valued at $678,000 after acquiring an additional 579 shares in the last quarter. Copeland Capital Management LLC raised its stake 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 in the last quarter. abrdn plc raised its stake in shares of NexPoint Residential Trust by 30.6% in the 4th quarter. abrdn plc now owns 6,068 shares of the financial services provider's stock valued at $251,000 after acquiring an additional 1,423 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of 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 valued at $177,000 after acquiring an additional 336 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Performance

Shares of NXRT traded down $0.69 on Friday, reaching $33.34. 143,415 shares of the stock traded hands, compared to its average volume of 132,015. The firm has a market cap of $842.88 million, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.34 and a beta of 1.14. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust, Inc. has a 12 month low of $30.98 and a 12 month high of $48.37. The stock's 50-day moving average price is $36.73 and its 200-day moving average price is $40.13.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released 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 business 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%. Equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Monday, June 16th. NexPoint Residential Trust's dividend payout ratio is presently -159.37%.

Analyst Ratings Changes

Several brokerages have commented on NXRT. Wall Street Zen downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Raymond James downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. JMP Securities reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Compass Point reaffirmed a "neutral" rating and issued a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Finally, Citizens Jmp downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. 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 data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $44.25.

Insider Activity

In related news, insider Paul Richards purchased 5,814 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average price of $33.24 per share, with a total value of $193,257.36. Following the purchase, the insider now directly owns 18,493 shares in the company, valued at $614,707.32. This represents a 45.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.36% of the stock is currently owned by company 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.