Bokf Na Purchases 5,248 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Bokf Na lifted its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 3.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 176,579 shares of the financial services provider’s stock after acquiring an additional 5,248 shares during the period. Bokf Na owned approximately 0.69% of NexPoint Residential Trust worth $5,575,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio lifted its stake in NexPoint Residential Trust by 61.4% in the fourth 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. Paralel Advisors LLC bought a new stake in NexPoint Residential Trust in the fourth quarter worth $1,139,000. Burford Brothers Inc. bought a new stake in NexPoint Residential Trust in the fourth quarter worth $855,000. State of New Jersey Common Pension Fund D lifted its stake in NexPoint Residential Trust by 5.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 290,822 shares of the financial services provider’s stock worth $10,013,000 after purchasing an additional 14,659 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in NexPoint Residential Trust in the fourth quarter worth $457,000. 76.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NXRT shares. Truist Financial boosted their price target on shares of NexPoint Residential Trust from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, June 24th. Raymond James raised shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research note on Friday, May 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $38.00 price objective on shares of NexPoint Residential Trust in a research report on Tuesday, June 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.75.

Insiders Place Their Bets

In other NexPoint Residential Trust news, insider Brian Mitts sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $39.40, for a total value of $78,800.00. Following the sale, the insider now owns 65,696 shares in the company, valued at $2,588,422.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.96% of the company’s stock.

NexPoint Residential Trust Trading Up 1.7 %

Shares of NYSE NXRT traded up $0.73 during midday trading on Friday, hitting $43.31. 101,199 shares of the company traded hands, compared to its average volume of 149,866. The firm has a market cap of $1.11 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.28 and a beta of 1.35. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.66 and a current ratio of 2.66. NexPoint Residential Trust, Inc. has a 12-month low of $26.21 and a 12-month high of $43.72. The stock has a 50-day moving average price of $38.51 and a 200 day moving average price of $34.15.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.4624 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Friday, June 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio is 65.37%.

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.