Thrivent Financial for Lutherans Lowers Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Thrivent Financial for Lutherans lessened its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,083 shares of the financial services provider’s stock after selling 273 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of NexPoint Residential Trust worth $713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in NexPoint Residential Trust by 4.1% during the 3rd quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 240 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of NexPoint Residential Trust by 8.6% during the fourth quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock valued at $177,000 after buying an additional 336 shares during the last quarter. QSV Equity Investors LLC increased its holdings in NexPoint Residential Trust by 1.1% in the 3rd quarter. QSV Equity Investors LLC now owns 38,899 shares of the financial services provider’s stock worth $1,712,000 after buying an additional 426 shares in the last quarter. Smartleaf Asset Management LLC raised its position in NexPoint Residential Trust by 104.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock worth $37,000 after buying an additional 456 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in NexPoint Residential Trust by 3.7% during the 4th quarter. SG Americas Securities LLC now owns 16,249 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 579 shares during the period. Institutional investors own 76.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Raymond James reduced their price objective 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. 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. Truist Financial boosted their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Finally, StockNews.com downgraded shares of 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 assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.33.

NexPoint Residential Trust Trading Up 0.5 %

NYSE:NXRT opened at $40.71 on Thursday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 2.34 and a beta of 1.17. NexPoint Residential Trust, Inc. has a 52 week low of $30.21 and a 52 week high of $48.37. 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 has a 50 day moving average of $39.67 and a 200 day moving average of $42.17.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio is presently -20,400.00%.

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.