First Trust Advisors LP Boosts Stake in NexPoint Residential Trust Inc (NXRT)

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First Trust Advisors LP increased its stake in shares of NexPoint Residential Trust Inc (NYSE:NXRT) by 9.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,648 shares of the financial services provider’s stock after buying an additional 2,086 shares during the quarter. First Trust Advisors LP owned 0.11% of NexPoint Residential Trust worth $673,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Commonwealth Equity Services LLC bought a new position in shares of NexPoint Residential Trust during the 2nd quarter worth approximately $214,000. Lyon Street Capital LLC increased its holdings in NexPoint Residential Trust by 5.7% during the 1st quarter. Lyon Street Capital LLC now owns 273,479 shares of the financial services provider’s stock valued at $6,793,000 after purchasing an additional 14,857 shares in the last quarter. Millennium Management LLC increased its holdings in NexPoint Residential Trust by 33.6% during the 1st quarter. Millennium Management LLC now owns 637,616 shares of the financial services provider’s stock valued at $15,838,000 after purchasing an additional 160,233 shares in the last quarter. Highland Capital Management LP increased its holdings in NexPoint Residential Trust by 4.1% during the 1st quarter. Highland Capital Management LP now owns 2,305,274 shares of the financial services provider’s stock valued at $57,263,000 after purchasing an additional 89,799 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in NexPoint Residential Trust by 68.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 1,944 shares in the last quarter. Institutional investors and hedge funds own 61.99% of the company’s stock.

NXRT stock traded down $0.33 during midday trading on Friday, hitting $33.38. 96,156 shares of the company’s stock were exchanged, compared to its average volume of 76,760. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 3.24. The firm has a market cap of $688.81 million, a PE ratio of 28.53, a P/E/G ratio of 1.79 and a beta of 0.81. NexPoint Residential Trust Inc has a one year low of $23.03 and a one year high of $34.62.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, July 31st. The financial services provider reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.49). The business had revenue of $35.66 million for the quarter, compared to the consensus estimate of $35.53 million. NexPoint Residential Trust had a return on equity of 23.89% and a net margin of 40.64%. On average, analysts forecast that NexPoint Residential Trust Inc will post 1.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Thursday, September 13th. NexPoint Residential Trust’s dividend payout ratio is currently 85.47%.

A number of research firms recently weighed in on NXRT. Boenning Scattergood initiated coverage on NexPoint Residential Trust in a report on Monday, September 17th. They set an “outperform” rating and a $35.00 price target for the company. Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Thursday, August 2nd. B. Riley raised their price target on NexPoint Residential Trust from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. ValuEngine upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, TheStreet lowered NexPoint Residential Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, June 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $32.40.

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.

Further Reading: Diversification For Individual Investors

Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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