Strs Ohio Has $3.82 Million Stake in NexPoint Residential Trust, Inc. $NXRT

Strs Ohio increased its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 202.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 118,400 shares of the financial services provider’s stock after purchasing an additional 79,300 shares during the quarter. Strs Ohio’s holdings in NexPoint Residential Trust were worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in NexPoint Residential Trust during the 2nd quarter worth $47,000. Versant Capital Management Inc grew its stake in shares of NexPoint Residential Trust by 334.3% in the third quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,491 shares in the last quarter. Tower Research Capital LLC TRC increased its position in NexPoint Residential Trust by 121.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 1,455 shares during the period. CWM LLC increased its position in NexPoint Residential Trust by 206.3% during the third quarter. CWM LLC now owns 3,648 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 2,457 shares during the period. Finally, Inscription Capital LLC bought a new stake in NexPoint Residential Trust in the 3rd quarter valued at about $206,000. 76.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Thursday. Truist Financial cut their target price on NexPoint Residential Trust from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Finally, Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $39.88.

NexPoint Residential Trust Stock Down 1.1%

NYSE NXRT opened at $30.20 on Tuesday. The business has a fifty day moving average price of $30.25 and a two-hundred day moving average price of $31.55. The stock has a market capitalization of $765.87 million, a PE ratio of -15.73 and a beta of 1.19. NexPoint Residential Trust, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $43.13. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.49 and a quick ratio of 1.49.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $62.83 million during the quarter, compared to analysts’ expectations of $63.04 million. NexPoint Residential Trust had a negative return on equity of 13.32% and a negative net margin of 19.23%. Equities analysts expect that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian Mitts sold 24,296 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $28.85, for a total value of $700,939.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 37,748 shares of company stock worth $1,090,618 over the last three months. 15.36% of the stock is currently owned by insiders.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.