NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 226.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,249 shares of the financial services provider’s stock after purchasing an additional 15,425 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of NexPoint Residential Trust worth $929,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NXRT. Smartleaf Asset Management LLC lifted its stake in shares of NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 456 shares in the last quarter. Quest Partners LLC boosted its stake in NexPoint Residential Trust by 104,800.0% during the 3rd 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in NexPoint Residential Trust by 104.5% during the 3rd 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 during the last quarter. Van ECK Associates Corp grew its holdings in NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 336 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new stake in shares of NexPoint Residential Trust in the 3rd quarter worth about $232,000. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Up 0.8 %

NXRT stock opened at $39.13 on Friday. 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 firm’s 50-day simple moving average is $39.60 and its 200 day simple moving average is $42.28. The stock has a market cap of $996.59 million, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. NexPoint Residential Trust, Inc. has a fifty-two week low of $30.21 and a fifty-two week high of $48.37.

NexPoint Residential Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.21%. The ex-dividend date is Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio is currently -20,400.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NXRT shares. Raymond James decreased their target price on NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, March 20th. StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Truist Financial lifted their price target on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a report on Monday, March 10th. Finally, Jefferies Financial Group increased their price objective on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.33.

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.