Northern Trust Corp Has $18.20 Million Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

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 its most recent 13F filing with the Securities and Exchange Commission. The fund owned 435,981 shares of the financial services provider's stock after purchasing an additional 68,471 shares during the quarter. Northern Trust Corp owned 1.72% of NexPoint Residential Trust worth $18,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Johnson Financial Group Inc. bought a new stake in shares of NexPoint Residential Trust during the 4th quarter valued at approximately $35,000. Price T Rowe Associates Inc. MD grew its holdings in shares of NexPoint Residential Trust by 18.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,844 shares of the financial services provider's stock valued at $370,000 after purchasing an additional 1,363 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of NexPoint Residential Trust during the 4th quarter valued at approximately $670,000. Hsbc Holdings PLC grew its holdings in shares of NexPoint Residential Trust by 14.6% during the 4th quarter. Hsbc Holdings PLC now owns 34,367 shares of the financial services provider's stock valued at $1,429,000 after purchasing an additional 4,389 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of NexPoint Residential Trust by 453.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,707 shares of the financial services provider's stock valued at $447,000 after purchasing an additional 8,771 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Trading Down 2.5%

Shares of NYSE:NXRT traded down $0.93 during trading on Monday, reaching $36.09. The stock had a trading volume of 173,822 shares, compared to its average volume of 132,999. The firm's fifty day moving average is $37.07 and its 200 day moving average is $40.34. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust, Inc. has a 52 week low of $30.98 and a 52 week high of $48.37. The stock has a market cap of $912.54 million, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.34 and a beta of 1.14.

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 EPS for the quarter, beating 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 company had revenue of $63.22 million for the quarter, compared to analyst estimates of $63.29 million. As a group, equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 5.65%. The ex-dividend date is Monday, June 16th. NexPoint Residential Trust's dividend payout ratio is currently -159.37%.

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards bought 5,814 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $33.24 per share, for a total transaction of $193,257.36. Following the transaction, the insider now directly owns 18,493 shares of the company's stock, valued at approximately $614,707.32. The trade was a 45.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NXRT shares. Truist Financial raised 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. Raymond James lowered NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday. Citizens Jmp lowered NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday. StockNews.com cut NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Finally, Jefferies Financial Group raised their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, NexPoint Residential Trust has an average rating of "Hold" and a consensus price target of $44.25.

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.