KBC Group NV Raises Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

KBC Group NV boosted its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 60.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,424 shares of the financial services provider’s stock after purchasing an additional 538 shares during the quarter. KBC Group NV’s holdings in NexPoint Residential Trust were worth $63,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NXRT. MQS Management LLC acquired a new stake in shares of NexPoint Residential Trust during the third quarter worth approximately $290,000. Van ECK Associates Corp raised its holdings in NexPoint Residential Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 3,901 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 428 shares in the last quarter. abrdn plc bought a new position in NexPoint Residential Trust during the 3rd quarter valued at $204,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 232 shares in the last quarter. Finally, Narwhal Capital Management increased its position in shares of NexPoint Residential Trust by 8.3% in the 3rd quarter. Narwhal Capital Management now owns 62,089 shares of the financial services provider’s stock worth $2,733,000 after purchasing an additional 4,738 shares during the last quarter. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Trading Up 0.6 %

Shares of NYSE NXRT opened at $46.48 on Friday. NexPoint Residential Trust, Inc. has a 12-month low of $28.20 and a 12-month high of $48.37. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.37. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock’s 50 day simple moving average is $44.15 and its 200 day simple moving average is $41.87.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The company had revenue of $64.10 million during the quarter, compared to analyst estimates of $64.69 million. During the same period in the prior year, the business earned $0.76 earnings per share. Equities research analysts expect that NexPoint Residential Trust, Inc. will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.39%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, December 13th. NexPoint Residential Trust’s payout ratio is presently 105.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Truist Financial increased their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. JMP Securities boosted their price target 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. Compass Point upped their price target on NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.83.

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.