Inspire Investing LLC Decreases Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Inspire Investing LLC reduced its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 19.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,941 shares of the financial services provider’s stock after selling 2,225 shares during the period. Inspire Investing LLC’s holdings in NexPoint Residential Trust were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NXRT. Signaturefd LLC lifted its position in NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after buying an additional 732 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of NexPoint Residential Trust by 7.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 236 shares during the last quarter. Quest Partners LLC purchased a new position in shares of NexPoint Residential Trust during the 4th quarter worth about $140,000. Vanguard Personalized Indexing Management LLC purchased a new stake in NexPoint Residential Trust in the 2nd quarter worth about $201,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in NexPoint Residential Trust in the 1st quarter worth about $212,000. 76.61% of the stock is currently owned by institutional investors.

Insider Transactions at NexPoint Residential Trust

In related news, insider Brian Mitts sold 2,000 shares of the business’s stock in a transaction that occurred on 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 $2,588,422.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.96% of the company’s stock.

NexPoint Residential Trust Stock Down 2.0 %

Shares of NYSE:NXRT opened at $44.86 on Monday. The business’s 50 day moving average is $44.43 and its 200 day moving average is $38.16. The stock has a market cap of $1.15 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.36 and a beta of 1.38. 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.

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

NexPoint Residential Trust Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NXRT. JMP Securities upped their target price on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Compass Point increased their target price on NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Truist Financial boosted their target price on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, NexPoint Residential Trust has a consensus 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.