Barclays PLC Decreases Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Barclays PLC cut its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,831 shares of the financial services provider’s stock after selling 8,103 shares during the quarter. Barclays PLC owned about 0.26% of NexPoint Residential Trust worth $2,942,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in NexPoint Residential Trust by 10.5% during the second quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider’s stock worth $6,389,000 after purchasing an additional 15,400 shares during the last quarter. Jane Street Group LLC increased its position in shares of NexPoint Residential Trust by 160.3% in the third quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after buying an additional 35,741 shares in the last quarter. Long Pond Capital LP purchased a new position in shares of NexPoint Residential Trust in the second quarter valued at $24,273,000. Stifel Financial Corp raised its stake in shares of NexPoint Residential Trust by 8.3% during the 3rd quarter. Stifel Financial Corp now owns 54,646 shares of the financial services provider’s stock worth $2,405,000 after buying an additional 4,189 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in NexPoint Residential Trust by 23.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,348 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 1,393 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $42.34 on Wednesday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.69 and a beta of 1.40. 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 1 year low of $28.20 and a 1 year high of $48.37. The company’s 50 day simple moving average is $44.84 and its 200 day simple moving average is $43.30.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.01). The business had revenue of $64.10 million for the quarter, compared to analyst estimates of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same quarter last year, the business earned $0.76 EPS. On average, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.78 EPS 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. Stockholders of record on Friday, December 13th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.82%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio is currently 116.57%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted 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 raised their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, October 21st. Finally, StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, NexPoint Residential Trust currently has a consensus rating of “Hold” and an average target price of $49.00.

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.