First Republic Investment Management Inc. lessened its holdings in NexPoint Residential Trust Inc (NYSE:NXRT) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,879 shares of the financial services provider’s stock after selling 1,001 shares during the period. First Republic Investment Management Inc. owned about 0.05% of NexPoint Residential Trust worth $455,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in NXRT. First Trust Advisors LP grew its position in NexPoint Residential Trust by 1.7% in the first quarter. First Trust Advisors LP now owns 42,037 shares of the financial services provider’s stock valued at $1,612,000 after acquiring an additional 695 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of NexPoint Residential Trust by 7.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 47,816 shares of the financial services provider’s stock valued at $1,833,000 after purchasing an additional 3,181 shares in the last quarter. Comerica Bank acquired a new stake in shares of NexPoint Residential Trust during the first quarter valued at about $675,000. BlackRock Inc. boosted its stake in shares of NexPoint Residential Trust by 46.5% during the first quarter. BlackRock Inc. now owns 3,778,921 shares of the financial services provider’s stock valued at $95,266,000 after purchasing an additional 1,199,862 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of NexPoint Residential Trust during the first quarter valued at about $176,000. Hedge funds and other institutional investors own 78.23% of the company’s stock.
NexPoint Residential Trust stock opened at $44.13 on Wednesday. The stock’s 50 day moving average is $40.28 and its 200 day moving average is $35.11. The company has a debt-to-equity ratio of 3.87, a current ratio of 2.94 and a quick ratio of 2.94. The firm has a market cap of $1.07 billion, a P/E ratio of 8.81 and a beta of 1.04. NexPoint Residential Trust Inc has a one year low of $21.06 and a one year high of $52.87.
NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.88). NexPoint Residential Trust had a return on equity of 31.19% and a net margin of 62.17%. Equities analysts anticipate that NexPoint Residential Trust Inc will post 2.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.313 per share. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, September 14th. This represents a $1.25 annualized dividend and a dividend yield of 2.84%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 56.82%.
NXRT has been the topic of a number of recent research reports. Raymond James lifted their price target on NexPoint Residential Trust from $37.00 to $49.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 13th. Zacks Investment Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Truist lifted their price target on NexPoint Residential Trust from $34.00 to $44.00 in a research note on Wednesday, August 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. NexPoint Residential Trust has a consensus rating of “Buy” and a consensus price target of $42.33.
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.
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