SG Americas Securities LLC Purchases 579 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

SG Americas Securities LLC raised its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,249 shares of the financial services provider’s stock after acquiring an additional 579 shares during the period. SG Americas Securities LLC owned about 0.06% of NexPoint Residential Trust worth $678,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Valley Wealth Managers Inc. acquired a new position in shares of NexPoint Residential Trust in the third quarter valued at $27,000. Point72 DIFC Ltd bought a new stake in NexPoint Residential Trust in the 2nd quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of NexPoint Residential Trust by 34.7% in 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. Meeder Asset Management Inc. acquired a new position in shares of NexPoint Residential Trust in the 3rd quarter valued at $42,000. Finally, Quest Partners LLC lifted its holdings in shares of NexPoint Residential Trust by 104,800.0% during the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,048 shares during the period. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Price Performance

NYSE:NXRT opened at $39.51 on Friday. 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 firm has a market cap of $1.00 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.42. NexPoint Residential Trust, Inc. has a 12 month low of $28.20 and a 12 month high of $48.37. The company’s 50-day moving average price is $42.38 and its two-hundred day moving average price is $43.56.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS 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 analyst estimates of $64.69 million. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, equities analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in 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 target price on the stock in a research note on Monday, October 21st. StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued 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.