NexPoint Residential Trust, Inc. (NYSE:NXRT) Holdings Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,336 shares of the financial services provider’s stock after selling 1,293 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.10% of NexPoint Residential Trust worth $1,016,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 worth $39,000 after buying an additional 232 shares in the last quarter. Quantinno Capital Management LP lifted its position in NexPoint Residential Trust by 4.1% in the 3rd quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock worth $267,000 after buying an additional 240 shares in the last quarter. Creative Planning lifted its position 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 buying an additional 341 shares in the last quarter. QSV Equity Investors LLC increased its stake in shares of NexPoint Residential Trust by 1.1% during the 3rd quarter. QSV Equity Investors LLC now owns 38,899 shares of the financial services provider’s stock worth $1,712,000 after purchasing an additional 426 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of NexPoint Residential Trust by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,901 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 428 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

NYSE:NXRT opened at $40.17 on Friday. NexPoint Residential Trust, Inc. has a 1 year low of $28.20 and a 1 year high of $48.37. The firm’s fifty day simple moving average is $40.83 and its 200 day simple moving average is $43.39. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The firm has a market capitalization of $1.02 billion, a PE ratio of 22.95, a PEG ratio of 2.40 and a beta of 1.42.

Analyst Ratings Changes

Several brokerages have recently commented on NXRT. StockNews.com lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Thursday. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.