Dimensional Fund Advisors LP Buys 23,888 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Dimensional Fund Advisors LP increased its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,138 shares of the financial services provider’s stock after purchasing an additional 23,888 shares during the quarter. Dimensional Fund Advisors LP owned about 1.32% of NexPoint Residential Trust worth $13,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NXRT. Van ECK Associates Corp boosted its position in 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 valued at $137,000 after buying an additional 236 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of NexPoint Residential Trust by 4.1% during the second quarter. Federated Hermes Inc. now owns 9,094 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 359 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in NexPoint Residential Trust by 1.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,196 shares of the financial services provider’s stock valued at $875,000 after acquiring an additional 399 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in NexPoint Residential Trust by 1.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 47,286 shares of the financial services provider’s stock worth $1,521,000 after purchasing an additional 477 shares during the last quarter. Finally, Graybill Wealth Management LTD. raised its holdings in NexPoint Residential Trust by 0.7% during the 2nd quarter. Graybill Wealth Management LTD. now owns 67,986 shares of the financial services provider’s stock worth $2,686,000 after purchasing an additional 505 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Trading Down 0.0 %

NYSE NXRT opened at $42.76 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.00 and a quick ratio of 2.00. NexPoint Residential Trust, Inc. has a one year low of $26.21 and a one year high of $48.37. The stock’s 50-day moving average is $44.82 and its 200-day moving average is $39.06. The firm has a market cap of $1.10 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.35 and a beta of 1.37.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $64.99 million. During the same quarter last year, the firm earned $0.88 earnings per share. Sell-side analysts anticipate that NexPoint Residential Trust, Inc. will post 2.82 earnings per share for the current fiscal year.

NexPoint Residential Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.462 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.85 annualized dividend and a yield of 4.32%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 65.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target 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. JMP Securities increased their price target 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. Truist Financial upped their price objective on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Compass Point raised their target price on NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.20.

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.