Highland Capital Management LP lifted its position in shares of NexPoint Residential Trust Inc (NYSE:NXRT) by 27.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,215,475 shares of the financial services provider’s stock after acquiring an additional 478,850 shares during the period. NexPoint Residential Trust accounts for 2.6% of Highland Capital Management LP’s portfolio, making the stock its 6th biggest holding. Highland Capital Management LP owned about 10.52% of NexPoint Residential Trust worth $57,174,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in NexPoint Residential Trust by 2.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock valued at $369,000 after acquiring an additional 385 shares during the last quarter. California Public Employees Retirement System lifted its stake in NexPoint Residential Trust by 4.1% during the second quarter. California Public Employees Retirement System now owns 30,700 shares of the financial services provider’s stock valued at $764,000 after buying an additional 1,200 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in shares of NexPoint Residential Trust by 3.6% in the 3rd quarter. ClariVest Asset Management LLC now owns 74,964 shares of the financial services provider’s stock valued at $1,778,000 after purchasing an additional 2,579 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of NexPoint Residential Trust by 9.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,783 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 2,733 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of NexPoint Residential Trust by 448.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,270 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 4,309 shares during the period. Institutional investors and hedge funds own 59.77% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine cut NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. NexPoint Residential Trust currently has an average rating of “Buy” and an average target price of $27.50.
Shares of NexPoint Residential Trust Inc (NXRT) traded up $0.30 during trading hours on Wednesday, hitting $25.70. The stock had a trading volume of 57,544 shares, compared to its average volume of 75,926. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $529.34, a price-to-earnings ratio of 10.33 and a beta of 0.85. NexPoint Residential Trust Inc has a 52 week low of $22.38 and a 52 week high of $29.40.
NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. NexPoint Residential Trust had a return on equity of 23.02% and a net margin of 37.00%. The firm had revenue of $34.90 million during the quarter, compared to analyst estimates of $36.28 million. During the same period last year, the company earned $0.39 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. analysts predict that NexPoint Residential Trust Inc will post 1.66 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Monday, March 19th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 40.32%.
In other NexPoint Residential Trust news, insider James D. Dondero bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average cost of $28.50 per share, with a total value of $285,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James D. Dondero bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were acquired at an average cost of $26.87 per share, for a total transaction of $26,870.00. The disclosure for this purchase can be found here. Insiders have bought a total of 86,553 shares of company stock worth $2,360,392 in the last quarter. 19.00% of the stock is currently owned by company insiders.
NexPoint Residential Trust Company Profile
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
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