Charles Schwab Investment Management Inc. Has $14.64 Million Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Charles Schwab Investment Management Inc. raised its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 332,680 shares of the financial services provider’s stock after purchasing an additional 8,795 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.31% of NexPoint Residential Trust worth $14,641,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXRT. Valley Wealth Managers Inc. bought a new stake in NexPoint Residential Trust during the third quarter worth $27,000. Point72 DIFC Ltd bought a new position in NexPoint Residential Trust in the 2nd quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. increased 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 purchasing an additional 232 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of NexPoint Residential Trust during the 3rd quarter worth $42,000. Finally, Signaturefd LLC boosted its holdings in shares of NexPoint Residential Trust by 238.4% in the 2nd 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. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Stock Performance

NexPoint Residential Trust stock opened at $46.14 on Friday. NexPoint Residential Trust, Inc. has a twelve month low of $28.20 and a twelve month high of $48.37. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The company has a market capitalization of $1.17 billion, a P/E ratio of 26.37, a PEG ratio of 2.81 and a beta of 1.40. The stock’s 50 day moving average is $44.52 and its 200 day moving average is $42.68.

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 for the quarter, missing the consensus estimate 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 business had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $64.69 million. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, equities research analysts predict that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.42%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 105.71%.

Analyst Ratings Changes

Several analysts have commented on NXRT shares. Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, October 21st. StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, Truist Financial boosted their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.