Mirae Asset Global Investments Co. Ltd. Sells 262 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 638 shares of the financial services provider’s stock after selling 262 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in NexPoint Residential Trust were worth $27,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Foundry Partners LLC purchased a new stake in 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 raised its position 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 purchasing an additional 100,714 shares during the period. Jane Street Group LLC raised its position in NexPoint Residential Trust by 160.3% during 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 purchasing an additional 35,741 shares during the period. Tidal Investments LLC purchased a new stake in NexPoint Residential Trust during the third quarter valued at approximately $1,166,000. Finally, Franklin Resources Inc. raised its position in NexPoint Residential Trust by 164.0% during the third quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock valued at $1,506,000 after purchasing an additional 21,660 shares during the period. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Trading Down 1.2 %

Shares of NexPoint Residential Trust stock opened at $40.17 on Friday. The stock has a market cap of $1.02 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.40 and a beta of 1.42. The stock’s 50 day simple moving average is $40.83 and its 200-day simple moving average is $43.39. NexPoint Residential Trust, Inc. has a 1-year low of $28.20 and a 1-year high of $48.37. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NXRT shares. StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, October 21st. One equities research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.