Bank of New York Mellon Corp Buys 5,618 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Bank of New York Mellon Corp grew its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 221,219 shares of the financial services provider’s stock after acquiring an additional 5,618 shares during the quarter. Bank of New York Mellon Corp owned 0.87% of NexPoint Residential Trust worth $9,236,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Valley Wealth Managers Inc. acquired a new position in NexPoint Residential Trust in the third quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new position in shares of NexPoint Residential Trust in the third quarter valued at approximately $42,000. Quest Partners LLC increased its stake in shares of NexPoint Residential Trust by 104,800.0% in the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,048 shares during the period. KBC Group NV boosted its holdings in NexPoint Residential Trust by 60.7% in the third quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 538 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in NexPoint Residential Trust by 104.5% in the third 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. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Price Performance

Shares of NexPoint Residential Trust stock opened at $38.66 on Friday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The business’s 50 day simple moving average is $39.64 and its two-hundred day simple moving average is $42.84. The stock has a market capitalization of $984.57 million, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. NexPoint Residential Trust, Inc. has a one year low of $29.01 and a one year 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. Stockholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.28%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -20,400.00%.

Analyst Ratings Changes

Several analysts recently commented on NXRT shares. Jefferies Financial Group upped their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a report on Monday, March 10th. Truist Financial increased their target price on NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Finally, StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $47.33.

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.