Teacher Retirement System of Texas Purchases 18,541 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Teacher Retirement System of Texas boosted its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 83.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 0.16% of NexPoint Residential Trust worth $1,612,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Nexpoint Asset Management L.P. boosted its position in NexPoint Residential Trust by 100.0% during the fourth quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider's stock worth $65,245,000 after purchasing an additional 781,266 shares during the period. Northern Trust Corp grew its holdings in shares of NexPoint Residential Trust by 18.6% during the fourth quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider's stock worth $18,202,000 after purchasing an additional 68,471 shares in the last quarter. Deutsche Bank AG increased its position in shares of NexPoint Residential Trust by 2.6% in the fourth quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider's stock worth $15,929,000 after purchasing an additional 9,754 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in NexPoint Residential Trust by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 338,512 shares of the financial services provider's stock valued at $14,133,000 after purchasing an additional 5,832 shares in the last quarter. Finally, Millennium Management LLC lifted its position in NexPoint Residential Trust by 194.3% during the fourth quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider's stock valued at $11,869,000 after purchasing an additional 187,680 shares during the last quarter. Institutional investors own 76.61% of the company's stock.

NexPoint Residential Trust Trading Down 0.1%

Shares of NYSE NXRT traded down $0.04 during mid-day trading on Tuesday, hitting $34.21. The stock had a trading volume of 80,378 shares, compared to its average volume of 133,342. The business has a 50 day moving average price of $34.55 and a two-hundred day moving average price of $37.26. NexPoint Residential Trust, Inc. has a 1 year low of $30.98 and a 1 year high of $48.37. The company has a debt-to-equity ratio of 3.86, a quick ratio of 2.65 and a current ratio of 2.65. The firm has a market cap of $864.83 million, a P/E ratio of -26.76, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its 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. NexPoint Residential Trust had a negative return on equity of 7.42% and a negative net margin of 12.57%. The firm had revenue of $63.22 million for the quarter, compared to analysts' expectations of $63.29 million. On average, equities analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.51 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 5.96%. NexPoint Residential Trust's payout ratio is -159.38%.

Wall Street Analysts Forecast Growth

NXRT has been the subject of a number of research analyst reports. Truist Financial dropped 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 report on Thursday, May 29th. JMP Securities reiterated a "market perform" rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. 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 report on Tuesday, May 13th. Raymond James Financial downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Finally, Citizens Jmp lowered NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. One 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 an average rating of "Hold" and an average target price of $43.58.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were acquired at an average price of $32.92 per share, for a total transaction of $164,600.00. Following the completion of the acquisition, the insider owned 24,689 shares in the company, valued at $812,761.88. This trade represents a 25.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.36% of the stock is currently owned by company insiders.

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.