Invesco Ltd. Increases Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Invesco Ltd. boosted its position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 201,540 shares of the financial services provider's stock after buying an additional 8,052 shares during the quarter. Invesco Ltd. owned approximately 0.79% of NexPoint Residential Trust worth $8,414,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in NexPoint Residential Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider's stock worth $25,358,000 after acquiring an additional 2,740 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in NexPoint Residential Trust in the 4th quarter worth approximately $458,000. Franklin Resources Inc. grew its position in NexPoint Residential Trust by 164.0% in the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider's stock worth $1,506,000 after purchasing an additional 21,660 shares during the last quarter. JPMorgan Chase & Co. grew its position in NexPoint Residential Trust by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 117,090 shares of the financial services provider's stock worth $5,153,000 after purchasing an additional 16,746 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of NexPoint Residential Trust by 226.0% during the 4th quarter. Teacher Retirement System of Texas now owns 22,249 shares of the financial services provider's stock worth $929,000 after acquiring an additional 15,425 shares during the period. 76.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NXRT shares. Raymond James dropped their target price 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. Truist Financial raised their price objective on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a "hold" rating in a report on Monday, March 10th. Jefferies Financial Group boosted their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Finally, StockNews.com downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $46.33.

NexPoint Residential Trust Stock Up 0.3 %

Shares of NXRT stock traded up $0.10 during trading hours on Tuesday, hitting $36.74. 7,493 shares of the company's stock traded hands, compared to its average volume of 131,333. The stock has a market cap of $938.12 million, a price-to-earnings ratio of 21.03, a PEG ratio of 2.34 and a beta of 1.18. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock's fifty day simple moving average is $38.07 and its two-hundred day simple moving average is $40.99. NexPoint Residential Trust, Inc. has a 12-month low of $30.98 and a 12-month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 EPS 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%. On average, analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS 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. Stockholders of record on Monday, June 16th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.55%. NexPoint Residential Trust's payout ratio is -20,400.00%.

Insider Activity at NexPoint Residential Trust

In related news, insider Paul Richards purchased 5,814 shares of the firm's stock in a transaction on Monday, April 7th. The shares were acquired at an average price of $33.24 per share, for a total transaction of $193,257.36. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.36% of the stock is owned by corporate 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.