Principal Financial Group Inc. Grows Stock Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Principal Financial Group Inc. 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,305 shares of the financial services provider’s stock after acquiring an additional 4,149 shares during the quarter. Principal Financial Group Inc. owned approximately 0.46% of NexPoint Residential Trust worth $4,897,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXRT. Valley Wealth Managers Inc. purchased a new position in shares of NexPoint Residential Trust in the 3rd quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NexPoint Residential Trust by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 232 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of NexPoint Residential Trust in the third quarter valued at approximately $42,000. Quest Partners LLC increased its holdings in shares of NexPoint Residential Trust by 104,800.0% in the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,048 shares in the last quarter. Finally, KBC Group NV boosted its stake 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 worth $63,000 after acquiring an additional 538 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.00.

NexPoint Residential Trust Stock Down 0.8 %

Shares of NXRT opened at $42.21 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a fifty-two week low of $29.00 and a fifty-two week high of $48.37. The firm has a market cap of $1.07 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.42. The company’s fifty day moving average is $39.95 and its two-hundred day moving average is $43.14.

NexPoint Residential Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Friday, March 14th. NexPoint Residential Trust’s payout ratio is -20,400.00%.

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.