Smartleaf Asset Management LLC Boosts Stock Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Smartleaf Asset Management LLC increased its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 104.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 894 shares of the financial services provider’s stock after acquiring an additional 456 shares during the quarter. Smartleaf Asset Management LLC’s holdings in NexPoint Residential Trust were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXRT. Foundry Partners LLC purchased a new stake in shares of NexPoint Residential Trust during the third quarter worth about $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NexPoint Residential Trust by 386.8% during the 3rd 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 worth $5,578,000 after buying an additional 100,714 shares in the last quarter. Jane Street Group LLC increased its stake in NexPoint Residential Trust by 160.3% during the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock worth $2,554,000 after buying an additional 35,741 shares in the last quarter. Tidal Investments LLC purchased a new stake in NexPoint Residential Trust during the 3rd quarter worth approximately $1,166,000. Finally, Franklin Resources Inc. increased its position in shares of 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 worth $1,506,000 after purchasing an additional 21,660 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Trading Down 0.8 %

Shares of NexPoint Residential Trust stock opened at $39.95 on Wednesday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.34 and a beta of 1.43. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust, Inc. has a fifty-two week low of $29.01 and a fifty-two week high of $48.37. The stock has a 50 day moving average of $39.80 and a 200 day moving average of $42.95.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio is presently -20,400.00%.

Wall Street Analysts Forecast Growth

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

NexPoint Residential Trust 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.