TCW Group Inc. Sells 13,322 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Key Points

• TCW Group Inc. reduced its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 15.9%, selling 13,322 shares, and now owns approximately 0.28% of the company, valued at $2,792,000.
• Insider Paul Richards purchased 5,000 shares at $32.92 each, increasing his stake by 25.39%, post-acquisition valuing his total ownership at approximately $812,761.88.
• NexPoint Residential Trust recently announced a quarterly dividend of $0.51 per share, representing an annual yield of 6.03%, despite a negative payout ratio of -159.37%.

TCW Group Inc. trimmed its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,641 shares of the financial services provider's stock after selling 13,322 shares during the period. TCW Group Inc. owned about 0.28% of NexPoint Residential Trust worth $2,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXRT. Farther Finance Advisors LLC lifted its position in shares of NexPoint Residential Trust by 1,732.4% in the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock worth $25,000 after purchasing an additional 589 shares during the period. Johnson Financial Group Inc. bought a new position in NexPoint Residential Trust in the fourth quarter worth approximately $35,000. Meeder Asset Management Inc. lifted its holdings in NexPoint Residential Trust by 158.3% during the fourth quarter. Meeder Asset Management Inc. now owns 2,462 shares of the financial services provider's stock worth $103,000 after buying an additional 1,509 shares during the period. KLP Kapitalforvaltning AS bought a new stake in NexPoint Residential Trust during the 4th quarter valued at $211,000. Finally, Quantinno Capital Management LP increased its holdings in shares of NexPoint Residential Trust by 13.3% in the 4th quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider's stock valued at $287,000 after acquiring an additional 804 shares during the period. 76.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Paul Richards bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average price of $32.92 per share, with a total value of $164,600.00. Following the completion of the acquisition, the insider directly owned 24,689 shares of the company's stock, valued at $812,761.88. This trade represents a 25.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.36% of the company's stock.

NexPoint Residential Trust Price Performance

NXRT stock opened at $33.81 on Monday. The stock has a market capitalization of $854.89 million, a PE ratio of -26.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. NexPoint Residential Trust, Inc. has a 52 week low of $30.98 and a 52 week high of $48.37. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 3.86. The firm has a 50 day moving average of $33.96 and a 200 day moving average of $36.81.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. The business had revenue of $63.22 million during the quarter, compared to analysts' expectations of $63.29 million. NexPoint Residential Trust had a negative net margin of 12.57% and a negative return on equity of 7.42%. Sell-side analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.51 per share. The ex-dividend date was Monday, June 16th. This represents a $2.04 annualized dividend and a yield of 6.03%. NexPoint Residential Trust's payout ratio is presently -159.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NXRT shares. JMP Securities restated a "market perform" rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Raymond James Financial lowered shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Citizens Jmp cut shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Truist Financial reduced their price objective on shares of NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Finally, 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. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $43.58.

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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