NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,094 shares of the financial services provider’s stock after buying an additional 359 shares during the period. Federated Hermes Inc.’s holdings in NexPoint Residential Trust were worth $359,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock valued at $41,000 after buying an additional 732 shares in the last quarter. Van ECK Associates Corp raised its position in NexPoint Residential Trust by 7.3% during the second quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 236 shares during the period. Quest Partners LLC purchased a new position in NexPoint Residential Trust during the fourth quarter valued at $140,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of NexPoint Residential Trust in the first quarter valued at about $212,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of NexPoint Residential Trust by 8.9% during the first quarter. Daiwa Securities Group Inc. now owns 7,436 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 610 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NXRT. Deutsche Bank Aktiengesellschaft raised their price target on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Truist Financial lifted their price target on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Compass Point increased their price objective on NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, JMP Securities raised their price objective on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.20.

NexPoint Residential Trust Trading Up 0.9 %

Shares of NexPoint Residential Trust stock opened at $45.40 on Wednesday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.00 and a quick ratio of 2.00. The stock’s 50 day simple moving average is $44.60 and its 200-day simple moving average is $38.37. The stock has a market cap of $1.17 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.36 and a beta of 1.38. NexPoint Residential Trust, Inc. has a 1-year low of $26.21 and a 1-year high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.29). NexPoint Residential Trust had a net margin of 32.93% and a return on equity of 17.69%. The company had revenue of $64.24 million during the quarter, compared to analysts’ expectations of $64.99 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. Analysts predict that NexPoint Residential Trust, Inc. will post 2.82 EPS for the current fiscal year.

NexPoint Residential Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.462 per share. This represents a $1.85 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 65.37%.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Brian Mitts sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $39.40, for a total transaction of $78,800.00. Following the completion of the sale, the insider now owns 65,696 shares in the company, valued at approximately $2,588,422.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.96% of the stock is currently owned by company insiders.

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.