Russell Investments Group Ltd. Sells 80,632 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Russell Investments Group Ltd. lowered its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 63.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,696 shares of the financial services provider's stock after selling 80,632 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of NexPoint Residential Trust worth $1,573,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in NexPoint Residential Trust in the 3rd quarter worth about $241,000. Federated Hermes Inc. increased its position in shares of NexPoint Residential Trust by 12.3% during the fourth quarter. Federated Hermes Inc. now owns 8,059 shares of the financial services provider's stock worth $277,000 after purchasing an additional 884 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of NexPoint Residential Trust by 31.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,933 shares of the financial services provider's stock worth $342,000 after purchasing an additional 2,351 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in NexPoint Residential Trust by 4.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,579 shares of the financial services provider's stock valued at $373,000 after purchasing an additional 492 shares during the last quarter. Finally, Capital Square LLC lifted its holdings in NexPoint Residential Trust by 13.3% in the 4th quarter. Capital Square LLC now owns 11,469 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 1,350 shares in the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Trading Up 0.4 %

NXRT traded up $0.16 during trading hours on Friday, reaching $36.52. The company's stock had a trading volume of 111,144 shares, compared to its average volume of 149,483. The stock has a market cap of $937.47 million, a PE ratio of 12.90, a P/E/G ratio of 1.10 and a beta of 1.25. NexPoint Residential Trust, Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $49.87. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.66 and a quick ratio of 2.66. The business's 50-day moving average is $32.59 and its 200-day moving average is $31.91.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.4624 per share. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from NexPoint Residential Trust's previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.06%. NexPoint Residential Trust's dividend payout ratio is currently 65.37%.

Insider Buying and Selling

In other news, insider Brian Mitts sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $34.25, for a total value of $171,250.00. Following the transaction, the insider now directly owns 66,947 shares in the company, valued at approximately $2,292,934.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.96% of the company's stock.

Analyst Upgrades and Downgrades

NXRT has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and issued a $40.00 price target on shares of NexPoint Residential Trust in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on NexPoint Residential Trust in a report on Tuesday, January 30th. They set a "buy" rating and a $38.00 target price on the stock. Raymond James downgraded NexPoint Residential Trust from a "market perform" rating to an "underperform" rating in a research report on Monday, March 18th. Finally, Truist Financial dropped their target price on NexPoint Residential Trust from $37.00 to $35.00 and set a "hold" rating for the company in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.