Proficio Capital Partners LLC Invests $458,000 in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Proficio Capital Partners LLC purchased a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,980 shares of the financial services provider’s stock, valued at approximately $458,000.

Several other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP boosted its stake in shares of NexPoint Residential Trust by 4.1% during the 3rd quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 240 shares in the last quarter. Van ECK Associates Corp lifted its stake in NexPoint Residential Trust by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock valued at $177,000 after buying an additional 336 shares in the last quarter. QSV Equity Investors LLC lifted its stake in NexPoint Residential Trust by 1.1% in the 3rd quarter. QSV Equity Investors LLC now owns 38,899 shares of the financial services provider’s stock valued at $1,712,000 after buying an additional 426 shares in the last quarter. KBC Group NV lifted its stake in NexPoint Residential Trust by 60.7% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock valued at $63,000 after buying an additional 538 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in NexPoint Residential Trust by 3.7% in the 4th quarter. SG Americas Securities LLC now owns 16,249 shares of the financial services provider’s stock valued at $678,000 after buying an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NXRT shares. Truist Financial upped their target price on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Monday. Jefferies Financial Group upped their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Monday. Finally, StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.33.

NexPoint Residential Trust Trading Down 0.8 %

Shares of NexPoint Residential Trust stock opened at $40.32 on Tuesday. NexPoint Residential Trust, Inc. has a fifty-two week low of $29.01 and a fifty-two week high of $48.37. The firm has a market cap of $1.03 billion, a PE ratio of 23.04, a P/E/G ratio of 2.34 and a beta of 1.43. The business’s fifty day moving average is $39.83 and its two-hundred day moving average is $42.99. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio is presently -20,400.00%.

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.