First Trust Advisors LP Takes Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

First Trust Advisors LP purchased a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 62,037 shares of the financial services provider's stock, valued at approximately $2,590,000. First Trust Advisors LP owned 0.24% of NexPoint Residential Trust as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in NexPoint Residential Trust by 104.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock worth $37,000 after buying an additional 456 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in NexPoint Residential Trust by 158.3% in the fourth quarter. Meeder Asset Management Inc. now owns 2,462 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 1,509 shares during the last quarter. Van ECK Associates Corp grew its holdings in NexPoint Residential Trust by 8.6% during the fourth quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock valued at $177,000 after purchasing an additional 336 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in NexPoint Residential Trust in the fourth quarter worth $211,000. Finally, abrdn plc raised its stake in shares of NexPoint Residential Trust by 30.6% in the fourth quarter. abrdn plc now owns 6,068 shares of the financial services provider's stock valued at $251,000 after buying an additional 1,423 shares during the period. Institutional investors own 76.61% of the company's stock.

Analyst Ratings Changes

NXRT has been the subject of several research reports. Jefferies Financial Group increased their price target on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. StockNews.com downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Truist Financial upped their price target on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Finally, Raymond James reduced their price objective on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating for the company in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of "Hold" and an average target price of $46.33.

NexPoint Residential Trust Stock Up 2.5 %

Shares of NYSE:NXRT opened at $38.66 on Monday. The firm has a fifty day moving average price of $37.95 and a two-hundred day moving average price of $40.82. The company has a market cap of $987.02 million, a price-to-earnings ratio of 22.09, a PEG ratio of 2.34 and a beta of 1.14. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust, Inc. has a one year low of $30.98 and a one year high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $63.29 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. Analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Monday, June 16th. NexPoint Residential Trust's dividend payout ratio is currently -159.37%.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Paul Richards purchased 5,814 shares of the company's stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $33.24 per share, with a total value of $193,257.36. Following the completion of the purchase, the insider now directly owns 18,493 shares in the company, valued at approximately $614,707.32. This trade represents a 45.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 15.36% of the stock is currently owned by company insiders.

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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