Teachers Insurance & Annuity Association of America increased its stake in shares of NexPoint Residential Trust Inc (NYSE:NXRT) by 12.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,294 shares of the financial services provider’s stock after purchasing an additional 2,154 shares during the period. Teachers Insurance & Annuity Association of America owned approximately 0.09% of NexPoint Residential Trust worth $539,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Deutsche Bank AG boosted its position in NexPoint Residential Trust by 118.5% in the 4th quarter. Deutsche Bank AG now owns 55,707 shares of the financial services provider’s stock valued at $1,555,000 after buying an additional 30,212 shares during the period. Highland Capital Management LP boosted its position in NexPoint Residential Trust by 27.6% in the 4th quarter. Highland Capital Management LP now owns 2,215,475 shares of the financial services provider’s stock valued at $57,174,000 after buying an additional 478,850 shares during the period. Renaissance Technologies LLC boosted its position in NexPoint Residential Trust by 13.7% in the 4th quarter. Renaissance Technologies LLC now owns 961,300 shares of the financial services provider’s stock valued at $26,859,000 after buying an additional 115,600 shares during the period. EAM Investors LLC purchased a new position in NexPoint Residential Trust in the 4th quarter valued at approximately $2,128,000. Finally, Martingale Asset Management L P boosted its position in NexPoint Residential Trust by 335.1% in the 4th quarter. Martingale Asset Management L P now owns 114,433 shares of the financial services provider’s stock valued at $3,198,000 after buying an additional 88,133 shares during the period. 59.77% of the stock is owned by hedge funds and other institutional investors.
In other news, insider James D. Dondero acquired 24,788 shares of NexPoint Residential Trust stock in a transaction dated Monday, January 22nd. The shares were acquired at an average cost of $27.23 per share, for a total transaction of $674,977.24. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider James D. Dondero acquired 1,000 shares of NexPoint Residential Trust stock in a transaction dated Friday, January 12th. The stock was purchased at an average price of $26.87 per share, for a total transaction of $26,870.00. The disclosure for this purchase can be found here. Insiders bought a total of 86,553 shares of company stock worth $2,360,392 over the last 90 days. Company insiders own 19.00% of the company’s stock.
NXRT has been the subject of several recent research reports. ValuEngine cut shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Saturday, January 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.50.
Shares of NexPoint Residential Trust Inc (NXRT) opened at $25.40 on Wednesday. NexPoint Residential Trust Inc has a fifty-two week low of $22.28 and a fifty-two week high of $29.40. The firm has a market cap of $529.34, a price-to-earnings ratio of 15.91 and a beta of 0.85. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.74 and a quick ratio of 1.74.
NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. NexPoint Residential Trust had a net margin of 37.00% and a return on equity of 23.02%. The business had revenue of $34.90 million for the quarter, compared to analyst estimates of $36.28 million. During the same period last year, the business earned $0.39 EPS. The company’s revenue was up 7.1% on a year-over-year basis. sell-side analysts anticipate that NexPoint Residential Trust Inc will post 1.66 earnings per share for the current fiscal year.
The company 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.94%. NexPoint Residential Trust’s payout ratio is 40.32%.
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NexPoint Residential Trust 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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