Charles Schwab Investment Management Inc. Grows Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Charles Schwab Investment Management Inc. raised its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 338,512 shares of the financial services provider’s stock after buying an additional 5,832 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.33% of NexPoint Residential Trust worth $14,133,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NXRT. Smartleaf Asset Management LLC increased its holdings in shares of NexPoint Residential Trust by 104.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 456 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of NexPoint Residential Trust during the third quarter valued at about $42,000. Quest Partners LLC increased its holdings in shares of NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,048 shares in the last quarter. KBC Group NV increased its holdings in shares of NexPoint Residential Trust by 60.7% during the third 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. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of NexPoint Residential Trust by 104.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,904 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 973 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Trading Down 1.3 %

Shares of NYSE:NXRT opened at $38.34 on Friday. NexPoint Residential Trust, Inc. has a 1 year low of $30.02 and a 1 year high of $48.37. The firm has a market capitalization of $976.34 million, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The business’s 50 day moving average price is $39.62 and its 200-day moving average price is $42.61.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 5.32%. NexPoint Residential Trust’s payout ratio is currently -20,400.00%.

Analyst Upgrades and Downgrades

NXRT has been the topic of several recent analyst reports. 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, March 10th. StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Raymond James cut their price target on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Truist Financial increased their price target on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.33.

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.