DekaBank Deutsche Girozentrale Increases Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

DekaBank Deutsche Girozentrale increased its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 60.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,814 shares of the financial services provider’s stock after acquiring an additional 3,334 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in NexPoint Residential Trust were worth $336,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Burford Brothers Inc. purchased a new stake in shares of NexPoint Residential Trust in the 4th quarter worth approximately $855,000. Quest Partners LLC purchased a new stake in NexPoint Residential Trust during the fourth quarter worth $140,000. BOKF NA boosted its position in NexPoint Residential Trust by 3.1% during the 1st quarter. BOKF NA now owns 176,579 shares of the financial services provider’s stock valued at $5,575,000 after acquiring an additional 5,248 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of NexPoint Residential Trust by 6.7% in the 1st quarter. BNP Paribas Financial Markets now owns 31,164 shares of the financial services provider’s stock valued at $1,003,000 after acquiring an additional 1,955 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of NexPoint Residential Trust by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 302,269 shares of the financial services provider’s stock worth $10,407,000 after acquiring an additional 8,959 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Brian Mitts sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $39.40, for a total value of $78,800.00. Following the sale, the insider now owns 65,696 shares in the company, valued at $2,588,422.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NXRT. JMP Securities raised their price objective on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Truist Financial lifted their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Raymond James raised shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research report on Friday, May 24th. Compass Point raised their target price on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.20.

NexPoint Residential Trust Trading Down 2.0 %

NexPoint Residential Trust stock opened at $44.86 on Friday. NexPoint Residential Trust, Inc. has a 52 week low of $26.21 and a 52 week high of $48.37. The stock has a 50-day moving average price of $44.43 and a 200 day moving average price of $38.05. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.36 and a beta of 1.38.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.29). The business had revenue of $64.24 million for the quarter, compared to analyst estimates of $64.99 million. NexPoint Residential Trust had a net margin of 32.93% and a return on equity of 17.69%. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Sell-side analysts anticipate that NexPoint Residential Trust, Inc. will post 2.82 EPS for the current year.

NexPoint Residential Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.462 per share. This represents a $1.85 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio is currently 65.37%.

NexPoint Residential Trust Company 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.