Tower Research Capital LLC TRC Acquires 8,771 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Tower Research Capital LLC TRC raised its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 453.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,707 shares of the financial services provider's stock after acquiring an additional 8,771 shares during the quarter. Tower Research Capital LLC TRC's holdings in NexPoint Residential Trust were worth $447,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NXRT. MetLife Investment Management LLC raised its holdings in shares of NexPoint Residential Trust by 6.6% in the fourth quarter. MetLife Investment Management LLC now owns 14,416 shares of the financial services provider's stock valued at $602,000 after buying an additional 887 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of NexPoint Residential Trust during the fourth quarter worth approximately $2,590,000. Capital Square LLC grew its stake in shares of NexPoint Residential Trust by 2.9% during the fourth quarter. Capital Square LLC now owns 12,741 shares of the financial services provider's stock valued at $493,000 after purchasing an additional 356 shares during the last quarter. Barclays PLC increased its holdings in shares of NexPoint Residential Trust by 80.3% in the fourth quarter. Barclays PLC now owns 120,467 shares of the financial services provider's stock valued at $5,028,000 after purchasing an additional 53,636 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in NexPoint Residential Trust by 2.0% in the 4th quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider's stock worth $951,000 after purchasing an additional 439 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

Insiders Place Their Bets

In related news, insider Paul Richards acquired 5,814 shares of the company's stock in a transaction dated 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 purchase, the insider now directly owns 18,493 shares in the company, valued at approximately $614,707.32. This trade represents a 45.86 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.36% of the company's stock.

Wall Street Analysts Forecast Growth

NXRT has been the subject of a number of recent research reports. Truist Financial boosted their target price on NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. StockNews.com cut shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Raymond James reduced their price objective on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday, March 20th. Finally, Jefferies Financial Group upped their target price on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $46.33.

NexPoint Residential Trust Stock Up 2.5 %

Shares of NYSE:NXRT traded up $0.96 during trading on Friday, hitting $38.66. 109,427 shares of the company's stock traded hands, compared to its average volume of 131,958. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The company has a 50-day moving average price of $37.95 and a 200-day moving average price of $40.87. NexPoint Residential Trust, Inc. has a 52 week low of $30.98 and a 52 week high of $48.37. The company has a market cap of $987.02 million, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $63.22 million during the quarter, compared to the consensus estimate of $63.29 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. As a group, research 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Monday, June 16th. NexPoint Residential Trust's payout ratio is -159.37%.

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.