Strs Ohio Acquires 47,900 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Strs Ohio raised its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 61.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,900 shares of the financial services provider's stock after buying an additional 47,900 shares during the quarter. Strs Ohio owned 0.49% of NexPoint Residential Trust worth $4,334,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Pasadena Private Wealth LLC acquired a new position in shares of NexPoint Residential Trust in the 4th quarter valued at $1,428,000. AQR Capital Management LLC raised its position in shares of NexPoint Residential Trust by 175.9% during 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 acquiring an additional 104,270 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NexPoint Residential Trust by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 293,310 shares of the financial services provider's stock valued at $9,439,000 after acquiring an additional 6,292 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of NexPoint Residential Trust by 4.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 276,163 shares of the financial services provider's stock valued at $8,887,000 after acquiring an additional 12,404 shares during the period. Finally, Swiss National Bank boosted its stake in NexPoint Residential Trust by 1.0% during the 3rd quarter. Swiss National Bank now owns 50,809 shares of the financial services provider's stock worth $1,635,000 after acquiring an additional 500 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Stock Up 2.5 %

Shares of NXRT stock traded up $0.78 on Friday, hitting $32.11. 125,590 shares of the stock were exchanged, compared to its average volume of 157,753. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.16. The firm has a market capitalization of $827.47 million, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 0.93 and a beta of 1.28. NexPoint Residential Trust, Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $49.87. The business has a 50-day moving average of $30.61 and a 200 day moving average of $31.26.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.462 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.76%. NexPoint Residential Trust's dividend payout ratio (DPR) is presently 110.12%.

Analyst Ratings Changes

Several research firms have weighed in on NXRT. Deutsche Bank Aktiengesellschaft started coverage on shares of NexPoint Residential Trust in a report on Tuesday, January 30th. They issued a "buy" rating and a $38.00 target price on the stock. Raymond James lowered NexPoint Residential Trust from a "market perform" rating to an "underperform" rating in a research 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 research report on Wednesday, March 6th. Finally, Truist Financial dropped their target price on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a "hold" rating on the stock in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, NexPoint Residential Trust has an average rating of "Hold" and a consensus target price of $37.25.

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.