Nisa Investment Advisors LLC Sells 800 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Nisa Investment Advisors LLC lessened its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,995 shares of the financial services provider’s stock after selling 800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NexPoint Residential Trust were worth $376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Foundry Partners LLC bought a new stake in shares of NexPoint Residential Trust during the third quarter valued at approximately $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NexPoint Residential Trust by 386.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock valued at $5,578,000 after acquiring an additional 100,714 shares in the last quarter. Jane Street Group LLC increased its holdings in NexPoint Residential Trust by 160.3% in the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after acquiring an additional 35,741 shares during the last quarter. Tidal Investments LLC bought a new stake in NexPoint Residential Trust in the 3rd quarter valued at $1,166,000. Finally, Dimensional Fund Advisors LP lifted its stake in NexPoint Residential Trust by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock worth $13,399,000 after purchasing an additional 23,888 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 1.3 %

Shares of NYSE:NXRT opened at $38.79 on Thursday. The company has a 50-day moving average price of $42.51 and a 200 day moving average price of $43.59. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a 12 month low of $28.20 and a 12 month high of $48.37. The company has a market cap of $985.29 million, a price-to-earnings ratio of 22.16, a PEG ratio of 2.31 and a beta of 1.42.

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). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period in the previous year, the business earned $0.76 earnings per share. As a group, equities research analysts predict that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

Analysts Set New Price Targets

NXRT has been the topic of several research reports. Raymond James raised 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. StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NexPoint Residential Trust has an average rating of “Moderate Buy” and a consensus price target of $49.00.

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.