10,980 Shares in NexPoint Residential Trust, Inc. (NYSE:NXRT) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,980 shares of the financial services provider’s stock, valued at approximately $458,000.

A number of other institutional investors also recently modified their holdings of NXRT. Copeland Capital Management LLC raised its position in shares of NexPoint Residential Trust by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider’s stock worth $37,982,000 after acquiring an additional 8,072 shares during the last quarter. Geode Capital Management LLC raised its holdings in NexPoint Residential Trust by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock worth $25,358,000 after purchasing an additional 2,740 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in NexPoint Residential Trust by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 338,512 shares of the financial services provider’s stock valued at $14,133,000 after purchasing an additional 5,832 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of NexPoint Residential Trust by 2.6% in the 4th quarter. Bank of New York Mellon Corp now owns 221,219 shares of the financial services provider’s stock valued at $9,236,000 after purchasing an additional 5,618 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 during the period. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Price Performance

NXRT opened at $38.96 on Tuesday. The stock has a market cap of $992.10 million, a P/E ratio of 22.26, a P/E/G ratio of 2.34 and a beta of 1.43. NexPoint Residential Trust, Inc. has a 12 month low of $30.02 and a 12 month high of $48.37. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The company has a fifty day simple moving average of $39.64 and a 200 day simple moving average of $42.44.

NexPoint Residential Trust Announces Dividend

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 issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.24%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -20,400.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NXRT shares. Truist Financial raised their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Monday, March 10th. Raymond James reduced their price target on NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, March 20th. StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Finally, Jefferies Financial Group raised their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.33.

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.