New York State Teachers Retirement System Trims Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

New York State Teachers Retirement System lessened its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,847 shares of the financial services provider’s stock after selling 1,300 shares during the period. New York State Teachers Retirement System owned about 0.14% of NexPoint Residential Trust worth $1,497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Creative Planning boosted its stake in NexPoint Residential Trust by 3.0% during the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 341 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in NexPoint Residential Trust by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after buying an additional 232 shares in the last quarter. abrdn plc bought a new position in shares of NexPoint Residential Trust in the third quarter worth about $204,000. Van ECK Associates Corp grew its position in NexPoint Residential Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 3,901 shares of the financial services provider’s stock worth $173,000 after buying an additional 428 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in NexPoint Residential Trust during the third quarter worth about $290,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, NexPoint Residential Trust has a consensus rating of “Moderate Buy” and an average target price of $49.00.

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT opened at $38.80 on Friday. NexPoint Residential Trust, Inc. has a twelve month low of $28.20 and a twelve month high of $48.37. The firm has a fifty day simple moving average of $40.20 and a 200 day simple moving average of $43.24. The company has a market capitalization of $985.52 million, a PE ratio of 22.17, a P/E/G ratio of 2.34 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25.

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.