NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 8.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,237 shares of the financial services provider’s stock after acquiring an additional 336 shares during the period. Van ECK Associates Corp’s holdings in NexPoint Residential Trust were worth $177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its position in shares of NexPoint Residential Trust by 3.0% in the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 341 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of NexPoint Residential Trust by 34.7% during 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 acquiring an additional 232 shares in the last quarter. abrdn plc acquired a new stake in shares of NexPoint Residential Trust during the 3rd quarter valued at approximately $204,000. MQS Management LLC acquired a new stake in shares of NexPoint Residential Trust during the 3rd quarter valued at approximately $290,000. Finally, KBC Group NV raised its position in shares of NexPoint Residential Trust by 60.7% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 538 shares in the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Price Performance

Shares of NXRT opened at $38.80 on Monday. The company has a market cap of $985.68 million, a P/E ratio of 22.17, a PEG ratio of 2.34 and a beta of 1.42. The stock has a fifty day moving average price of $40.20 and a 200 day moving average price of $43.24. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust, Inc. has a 12 month low of $28.20 and a 12 month high of $48.37.

Analyst Ratings Changes

Separately, StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, NexPoint Residential Trust has an average rating of “Moderate Buy” and an average target price of $49.00.

NexPoint Residential Trust Company 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.