Amalgamated Bank Sells 325 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Amalgamated Bank reduced its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,577 shares of the financial services provider’s stock after selling 325 shares during the quarter. Amalgamated Bank’s holdings in NexPoint Residential Trust were worth $289,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NXRT. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after buying an additional 232 shares in the last quarter. Van ECK Associates Corp lifted its holdings 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 worth $137,000 after purchasing an additional 236 shares in the last quarter. Creative Planning lifted its holdings in NexPoint Residential Trust by 3.0% in the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 341 shares in the last quarter. Federated Hermes Inc. lifted its holdings in NexPoint Residential Trust by 4.1% in the 2nd quarter. Federated Hermes Inc. now owns 9,094 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 359 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in NexPoint Residential Trust by 1.0% in 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 in the last quarter. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Stock Performance

NYSE NXRT opened at $45.53 on Monday. The business’s 50 day moving average price is $44.10 and its 200-day moving average price is $41.53. The company has a market cap of $1.16 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.52 and a beta of 1.37. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The firm had revenue of $64.10 million for the quarter, compared to the consensus estimate of $64.69 million. During the same period in the previous year, the company posted $0.76 EPS. Sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.51 per share. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio is 116.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Truist Financial boosted their price target on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their price target on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, October 21st. Finally, Compass Point upped their price objective on NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.83.

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.