NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by TCW Group Inc.

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

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of NexPoint Residential Trust by 1,732.4% during the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock valued at $25,000 after buying an additional 589 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter valued at about $35,000. Meeder Asset Management Inc. lifted its position in shares of 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 valued at $103,000 after buying an additional 1,509 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter valued at about $211,000. Finally, Quantinno Capital Management LP lifted its position in shares of NexPoint Residential Trust by 13.3% during the fourth quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider's stock valued at $287,000 after buying an additional 804 shares during the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NexPoint Residential Trust

In related news, insider Paul Richards purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average price of $32.92 per share, with a total value of $164,600.00. Following the purchase, the insider owned 24,689 shares of the company's stock, valued at $812,761.88. The trade was a 25.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 15.36% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Citizens Jmp downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Compass Point restated a "neutral" rating and set a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Raymond James Financial downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Finally, Truist Financial cut their price objective on shares of NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $43.58.

NexPoint Residential Trust Stock Performance

Shares of NYSE NXRT traded down $1.26 during midday trading on Thursday, reaching $31.75. 112,527 shares of the stock were exchanged, compared to its average volume of 144,589. The firm has a market cap of $802.67 million, a price-to-earnings ratio of -16.22, a PEG ratio of 1.98 and a beta of 1.06. NexPoint Residential Trust, Inc. has a twelve month low of $30.98 and a twelve month high of $48.37. The firm has a 50-day simple moving average of $33.82 and a two-hundred day simple moving average of $36.73. The company has a quick ratio of 2.65, a current ratio of 1.89 and a debt-to-equity ratio of 4.22.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.01). The firm had revenue of $63.10 million for the quarter, compared to analyst estimates of $63.32 million. NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%. As a group, analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.43%. NexPoint Residential Trust's payout ratio is -104.08%.

NexPoint Residential Trust 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.