Copeland Capital Management LLC Sells 522,038 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Copeland Capital Management LLC lessened its position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 867,724 shares of the financial services provider's stock after selling 522,038 shares during the quarter. Copeland Capital Management LLC owned about 3.38% of NexPoint Residential Trust worth $29,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pasadena Private Wealth LLC purchased a new stake in shares of NexPoint Residential Trust in the 4th quarter valued at about $1,428,000. Strs Ohio lifted its stake in NexPoint Residential Trust by 1,525.0% in the 3rd quarter. Strs Ohio now owns 78,000 shares of the financial services provider's stock valued at $2,510,000 after buying an additional 73,200 shares in the last quarter. AQR Capital Management LLC lifted its stake in NexPoint Residential Trust by 175.9% in the 3rd quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider's stock valued at $5,263,000 after buying an additional 104,270 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of NexPoint Residential Trust by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 293,310 shares of the financial services provider's stock worth $9,439,000 after purchasing an additional 6,292 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of NexPoint Residential Trust by 4.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 276,163 shares of the financial services provider's stock worth $8,887,000 after purchasing an additional 12,404 shares during the period. Institutional investors and hedge funds own 76.61% of the company's stock.

Insider Activity

In other news, CFO Brian Mitts sold 5,000 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $33.74, for a total transaction of $168,700.00. Following the sale, the chief financial officer now directly owns 62,883 shares of the company's stock, valued at $2,121,672.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NXRT. Deutsche Bank Aktiengesellschaft assumed coverage on NexPoint Residential Trust in a research note on Tuesday, January 30th. They issued a "buy" rating and a $38.00 price target for the company. Janney Montgomery Scott cut shares of NexPoint Residential Trust from a "buy" rating to a "neutral" rating and set a $36.00 price target on the stock. in a report on Wednesday, December 20th. Raymond James cut shares of NexPoint Residential Trust from a "market perform" rating to an "underperform" rating in a report on Monday, March 18th. JMP Securities reiterated a "market outperform" rating and issued a $40.00 price objective on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. Finally, Truist Financial decreased their price objective on shares of NexPoint Residential Trust from $43.00 to $40.00 and set a "hold" rating for the company in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have 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 an average target price of $38.50.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock traded up $0.74 during trading hours on Friday, hitting $32.19. 216,143 shares of the stock were exchanged, compared to its average volume of 197,507. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market capitalization of $829.54 million, a P/E ratio of 19.16, a P/E/G ratio of 0.98 and a beta of 1.27. NexPoint Residential Trust, Inc. has a 12 month low of $26.21 and a 12 month high of $49.87. The business's 50-day moving average is $30.62 and its two-hundred day moving average is $31.41.

NexPoint Residential Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.462 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.85 annualized dividend and a dividend yield of 5.74%. NexPoint Residential Trust's dividend payout ratio (DPR) is currently 110.12%.

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.