Free Trial

Tudor Investment Corp ET AL Raises Stock Holdings in NexPoint Residential Trust, Inc. $NXRT

NexPoint Residential Trust logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • Tudor Investment Corp ET AL increased its NexPoint Residential Trust stake by 63% to 129,137 shares (about $4.16M), while institutional investors now own roughly 76.61% of the company.
  • Company insiders have been buying shares recently (e.g., Paul Richards 1,500 at $24.81 and Matt McGraner 2,000 at $24.37), with insiders owning 15.36% after 8,700 shares bought (~$223,777) in the last 90 days.
  • NexPoint pays a quarterly dividend of $0.53 (annualized $2.12) for an 8.4% yield, but Wall Street sentiment is negative—the stock’s average rating is "Reduce" with an average target price of $34.75.
  • MarketBeat previews top five stocks to own in June.

Tudor Investment Corp ET AL grew its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 63.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,137 shares of the financial services provider's stock after buying an additional 49,902 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.51% of NexPoint Residential Trust worth $4,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXRT. Royal Bank of Canada increased its position in NexPoint Residential Trust by 5.7% in the first quarter. Royal Bank of Canada now owns 54,612 shares of the financial services provider's stock worth $2,159,000 after buying an additional 2,942 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in NexPoint Residential Trust in the first quarter worth about $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NexPoint Residential Trust by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider's stock worth $525,000 after buying an additional 573 shares in the last quarter. Millennium Management LLC increased its position in NexPoint Residential Trust by 15.6% in the first quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider's stock worth $12,993,000 after buying an additional 44,391 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of NexPoint Residential Trust by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,034 shares of the financial services provider's stock worth $5,219,000 after purchasing an additional 7,217 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Tuesday, March 10th. Truist Financial cut their target price on NexPoint Residential Trust from $30.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, March 11th. Zacks Research upgraded NexPoint Residential Trust from a "strong sell" rating to a "hold" rating in a research report on Friday, January 16th. Wall Street Zen cut NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Finally, Raymond James Financial reiterated an "underperform" rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $34.75.

Read Our Latest Stock Analysis on NXRT

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards acquired 1,500 shares of the stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of $24.81 per share, with a total value of $37,215.00. Following the purchase, the insider directly owned 30,359 shares of the company's stock, valued at approximately $753,206.79. This trade represents a 5.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matt Mcgraner acquired 2,000 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $24.37 per share, with a total value of $48,740.00. Following the completion of the purchase, the insider directly owned 331,334 shares in the company, valued at approximately $8,074,609.58. The trade was a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 8,700 shares of company stock valued at $223,777 over the last ninety days. Corporate insiders own 15.36% of the company's stock.

NexPoint Residential Trust Stock Up 0.2%

Shares of NXRT opened at $25.10 on Friday. The stock has a market capitalization of $637.79 million, a price-to-earnings ratio of -19.76 and a beta of 1.18. NexPoint Residential Trust, Inc. has a 1 year low of $23.79 and a 1 year high of $38.93. The business's 50 day simple moving average is $27.46 and its 200-day simple moving average is $29.59. The company has a debt-to-equity ratio of 5.27, a current ratio of 2.27 and a quick ratio of 2.27.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend was Friday, March 13th. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -166.93%.

About NexPoint Residential Trust

(Free Report)

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.

Further Reading

Want to see what other hedge funds are holding NXRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report).

Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in NexPoint Residential Trust Right Now?

Before you consider NexPoint Residential Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NexPoint Residential Trust wasn't on the list.

While NexPoint Residential Trust currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines