NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 10.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,000 shares of the financial services provider’s stock after selling 2,650 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of NexPoint Residential Trust worth $869,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of NexPoint Residential Trust by 238.4% during the 2nd quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 732 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of NexPoint Residential Trust by 7.3% during the 2nd quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 236 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of NexPoint Residential Trust during the 4th quarter worth $140,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of NexPoint Residential Trust during the 1st quarter worth $212,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of NexPoint Residential Trust by 8.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,436 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 610 shares in the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NexPoint Residential Trust

In related news, insider Brian Mitts sold 2,000 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $39.40, for a total value of $78,800.00. Following the completion of the transaction, the insider now owns 65,696 shares of the company’s stock, valued at approximately $2,588,422.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.96% of the stock is currently owned by corporate insiders.

NexPoint Residential Trust Price Performance

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 company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.96. The firm’s 50-day simple moving average is $44.43 and its 200 day simple moving average is $38.05. The firm has a market capitalization of $1.15 billion, a PE ratio of 15.85, a P/E/G ratio of 1.36 and a beta of 1.38.

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

NexPoint Residential Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.462 dividend. 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 payout ratio is 65.37%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Compass Point boosted their target price on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Truist Financial boosted their target price 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 upgraded shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research report on Friday, May 24th. Finally, JMP Securities boosted their price objective on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust presently has an average rating of “Hold” and an average price target of $46.20.

About NexPoint Residential Trust

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.