NexPoint Residential Trust, Inc. (NYSE:NXRT) Position Boosted by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. raised its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,481 shares of the financial services provider’s stock after acquiring an additional 2,500 shares during the period. Graybill Wealth Management LTD. owned approximately 0.26% of NexPoint Residential Trust worth $2,172,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pasadena Private Wealth LLC acquired a new position in NexPoint Residential Trust during the 4th quarter valued at about $1,428,000. Burford Brothers Inc. bought a new position in shares of NexPoint Residential Trust during the 4th quarter valued at about $855,000. Strs Ohio grew its stake in shares of NexPoint Residential Trust by 61.4% in the 4th quarter. Strs Ohio now owns 125,900 shares of the financial services provider’s stock worth $4,334,000 after purchasing an additional 47,900 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of NexPoint Residential Trust in the 4th quarter worth approximately $401,000. Finally, Federated Hermes Inc. lifted its stake in NexPoint Residential Trust by 12.3% during the fourth quarter. Federated Hermes Inc. now owns 8,059 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 884 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NXRT. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $38.00 price target on shares of NexPoint Residential Trust in a research report on Tuesday, June 11th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of NexPoint Residential Trust in a research note on Wednesday, March 6th. Raymond James upgraded shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research report on Friday, May 24th. Finally, Truist Financial boosted their price target on shares of NexPoint Residential Trust from $34.00 to $37.00 and gave the company a “hold” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.75.

NexPoint Residential Trust Stock Up 0.6 %

NXRT stock traded up $0.21 during trading hours on Thursday, hitting $38.22. The company’s stock had a trading volume of 33,208 shares, compared to its average volume of 147,829. The stock has a 50 day moving average price of $35.94 and a two-hundred day moving average price of $33.23. NexPoint Residential Trust, Inc. has a 12 month low of $26.21 and a 12 month high of $49.87. The company has a market capitalization of $981.11 million, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.13 and a beta of 1.33. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 2.90.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.4624 dividend. The ex-dividend date is Friday, June 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 4.84%. NexPoint Residential Trust’s dividend payout ratio is currently 65.37%.

Insiders Place Their Bets

In related news, insider Brian Mitts sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $34.25, for a total value of $171,250.00. Following the completion of the sale, the insider now directly owns 66,947 shares in the company, valued at approximately $2,292,934.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.96% of the company’s stock.

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.