Teacher Retirement System of Texas Has $1.61 Million Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Teacher Retirement System of Texas lifted its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 83.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,790 shares of the financial services provider's stock after purchasing an additional 18,541 shares during the period. Teacher Retirement System of Texas owned 0.16% of NexPoint Residential Trust worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.

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

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock traded up $0.02 during midday trading on Friday, reaching $34.11. The company's stock had a trading volume of 123,286 shares, compared to its average volume of 133,713. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 3.86. The stock has a market cap of $862.20 million, a PE ratio of -26.65, a price-to-earnings-growth ratio of 2.02 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 business has a 50-day moving average price of $34.55 and a 200-day moving average price of $37.26.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating 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 negative net margin of 12.57% and a negative return on equity of 7.42%. On average, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The business also recently announced 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 of this dividend was Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.98%. NexPoint Residential Trust's payout ratio is presently -159.38%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NXRT. Raymond James Financial cut NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Compass Point reiterated a "neutral" rating and set a $42.50 price objective (down from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. Truist Financial dropped their target price on shares of NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Citizens Jmp downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Finally, JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $43.58.

Insider Activity

In other news, insider Paul Richards acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were bought at an average price of $32.92 per share, with a total value of $164,600.00. Following the acquisition, the insider directly owned 24,689 shares in the company, valued at $812,761.88. The trade was a 25.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 15.36% of the company's stock.

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.