NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 78.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,620 shares of the financial services provider’s stock after selling 165,440 shares during the period. Kennedy Capital Management LLC owned approximately 0.18% of NexPoint Residential Trust worth $1,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NXRT. Strs Ohio lifted its holdings in shares of NexPoint Residential Trust by 61.4% in the fourth quarter. Strs Ohio now owns 125,900 shares of the financial services provider’s stock valued at $4,334,000 after buying an additional 47,900 shares during the period. Paralel Advisors LLC bought a new position in shares of NexPoint Residential Trust during the 4th quarter valued at about $1,139,000. Burford Brothers Inc. acquired a new position in shares of NexPoint Residential Trust in the 4th quarter worth approximately $855,000. State of New Jersey Common Pension Fund D raised its position in shares of NexPoint Residential Trust by 5.3% during 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 period. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of NexPoint Residential Trust in the 4th quarter valued at approximately $457,000. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Stock Performance

NYSE:NXRT opened at $43.69 on Thursday. The company has a current ratio of 2.00, a quick ratio of 2.66 and a debt-to-equity ratio of 2.96. The firm’s fifty day simple moving average is $38.95 and its 200 day simple moving average is $34.38. The firm has a market capitalization of $1.12 billion, a PE ratio of 15.44, a PEG ratio of 1.30 and a beta of 1.35. NexPoint Residential Trust, Inc. has a 1 year low of $26.21 and a 1 year high of $44.67.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.29). NexPoint Residential Trust had a return on equity of 17.69% and a net margin of 32.93%. The company had revenue of $64.24 million during the quarter, compared to analyst estimates of $64.99 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, sell-side analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.462 per share. This represents a $1.85 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio is presently 65.37%.

Analyst Ratings Changes

Several research firms recently weighed in on NXRT. Truist Financial upped their price target on NexPoint Residential Trust from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, June 24th. Compass Point upped their target price on NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James upgraded shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a report on Friday, May 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $38.00 price objective on shares of NexPoint Residential Trust in a research note on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.20.

Insider Activity

In related news, insider Brian Mitts sold 2,000 shares of the stock in a transaction that occurred on 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 directly owns 65,696 shares in the company, valued at approximately $2,588,422.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.96% of the stock is currently owned by company insiders.

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.