ProShare Advisors LLC lifted its position in NexPoint Residential Trust, Inc. (NYSE:NXRT – Free Report) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,074 shares of the financial services provider’s stock after acquiring an additional 20,517 shares during the period. ProShare Advisors LLC owned about 0.80% of NexPoint Residential Trust worth $6,143,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in NexPoint Residential Trust by 205.0% during the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 576 shares in the last quarter. Tower Research Capital LLC TRC grew its position in NexPoint Residential Trust by 121.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 1,455 shares in the last quarter. Strs Ohio purchased a new position in NexPoint Residential Trust during the first quarter valued at approximately $158,000. Van ECK Associates Corp grew its position in NexPoint Residential Trust by 10.8% during the third quarter. Van ECK Associates Corp now owns 5,472 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 535 shares in the last quarter. Finally, Inscription Capital LLC purchased a new position in NexPoint Residential Trust during the third quarter valued at approximately $206,000. 76.61% of the stock is owned by hedge funds and other institutional investors.
NexPoint Residential Trust Price Performance
NYSE NXRT opened at $29.75 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 5.75. The stock has a market capitalization of $758.20 million, a PE ratio of -23.42 and a beta of 1.20. The company has a 50 day moving average price of $26.78 and a two-hundred day moving average price of $28.89. NexPoint Residential Trust, Inc. has a 12-month low of $23.79 and a 12-month high of $35.22.
NexPoint Residential Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.53 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a yield of 7.1%. NexPoint Residential Trust’s payout ratio is -166.93%.
Insider Buying and Selling
In other NexPoint Residential Trust news, insider Matt Mcgraner bought 2,000 shares of NexPoint Residential Trust stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of $24.37 per share, for a total transaction of $48,740.00. Following the completion of the purchase, the insider directly owned 331,334 shares of the company’s stock, valued at $8,074,609.58. The trade was a 0.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Richards bought 1,500 shares of NexPoint Residential Trust stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of $24.81 per share, with a total value of $37,215.00. Following the completion of the purchase, the insider directly owned 30,359 shares of the company’s stock, valued at approximately $753,206.79. The trade was a 5.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 8,700 shares of company stock valued at $223,777 over the last quarter. Corporate insiders own 16.63% of the company’s stock.
Analyst Upgrades and Downgrades
NXRT has been the topic of a number of research analyst reports. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Tuesday, March 10th. Zacks Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Finally, Truist Financial lowered their price objective on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of “Strong Sell” and an average target price of $27.00.
Read Our Latest Stock Report on NexPoint Residential Trust
NexPoint Residential Trust Company Profile
NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.
The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.
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