NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 435,981 shares of the financial services provider's stock after acquiring an additional 68,471 shares during the period. Northern Trust Corp owned 1.72% of NexPoint Residential Trust worth $18,202,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock worth $177,000 after acquiring an additional 336 shares during the period. Capital Square LLC raised its holdings in NexPoint Residential Trust by 2.9% in the fourth quarter. Capital Square LLC now owns 12,741 shares of the financial services provider's stock valued at $493,000 after buying an additional 356 shares during the period. Envestnet Asset Management Inc. raised its holdings in NexPoint Residential Trust by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider's stock valued at $5,892,000 after buying an additional 364 shares during the period. Sterling Capital Management LLC raised its holdings in NexPoint Residential Trust by 2.0% in the fourth quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider's stock valued at $951,000 after buying an additional 439 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock valued at $37,000 after buying an additional 456 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Up 1.3%

Shares of NXRT stock traded up $0.47 during mid-day trading on Friday, reaching $36.96. 119,042 shares of the company were exchanged, compared to its average volume of 132,748. NexPoint Residential Trust, Inc. has a fifty-two week low of $30.98 and a fifty-two week high of $48.37. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $934.48 million, a P/E ratio of 21.12, a P/E/G ratio of 2.34 and a beta of 1.14. The business's 50 day simple moving average is $37.14 and its 200 day simple moving average is $40.39.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The business had revenue of $63.22 million during the quarter, compared to the consensus estimate of $63.29 million. Research analysts predict that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Monday, June 16th. NexPoint Residential Trust's dividend payout ratio is presently -159.37%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NXRT. Raymond James lowered shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Thursday. Truist Financial increased their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Compass Point reaffirmed a "neutral" rating and issued a $42.50 price objective (down previously from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday. StockNews.com downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Finally, Jefferies Financial Group increased their price objective on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, NexPoint Residential Trust presently has an average rating of "Hold" and a consensus price target of $44.25.

Insiders Place Their Bets

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,814 shares of the firm'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 acquisition, the insider now directly owns 18,493 shares in the company, valued at $614,707.32. This trade represents a 45.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 15.36% of the stock is currently owned by corporate insiders.

About NexPoint Residential Trust

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.