Raymond James & Associates boosted its position in NexPoint Residential Trust Inc (NYSE:NXRT) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,029 shares of the financial services provider’s stock after buying an additional 733 shares during the quarter. Raymond James & Associates owned approximately 0.06% of NexPoint Residential Trust worth $457,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in NexPoint Residential Trust by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 168,152 shares of the financial services provider’s stock valued at $4,784,000 after acquiring an additional 7,547 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of NexPoint Residential Trust by 36.0% during the third quarter. Wells Fargo & Company MN now owns 132,640 shares of the financial services provider’s stock worth $4,404,000 after purchasing an additional 35,107 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of NexPoint Residential Trust by 13.7% during the third quarter. JPMorgan Chase & Co. now owns 290,614 shares of the financial services provider’s stock worth $9,648,000 after purchasing an additional 34,931 shares in the last quarter. Martingale Asset Management L P grew its position in shares of NexPoint Residential Trust by 26.3% during the third quarter. Martingale Asset Management L P now owns 101,718 shares of the financial services provider’s stock worth $3,378,000 after purchasing an additional 21,205 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of NexPoint Residential Trust by 5.1% during the third quarter. BlackRock Inc. now owns 1,310,155 shares of the financial services provider’s stock worth $43,496,000 after purchasing an additional 63,114 shares in the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.
Shares of NexPoint Residential Trust stock traded down $0.20 during trading on Wednesday, hitting $35.08. 24,291 shares of the company were exchanged, compared to its average volume of 96,181. The company has a market capitalization of $866.53 million, a P/E ratio of 18.66, a P/E/G ratio of 2.18 and a beta of 0.56. The company has a debt-to-equity ratio of 2.83, a current ratio of 2.19 and a quick ratio of 2.19. NexPoint Residential Trust Inc has a fifty-two week low of $25.20 and a fifty-two week high of $40.23.
NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, February 19th. The financial services provider reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.67). NexPoint Residential Trust had a negative return on equity of 0.63% and a negative net margin of 1.09%. The firm had revenue of $39.39 million during the quarter, compared to analysts’ expectations of $38.75 million. As a group, research analysts expect that NexPoint Residential Trust Inc will post 1.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s dividend payout ratio is presently 58.51%.
NXRT has been the subject of several research analyst reports. Boenning Scattergood reiterated a “hold” rating on shares of NexPoint Residential Trust in a research report on Wednesday, February 20th. B. Riley lifted their price target on NexPoint Residential Trust from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Friday, February 8th. Finally, Raymond James initiated coverage on NexPoint Residential Trust in a research note on Wednesday, February 6th. They set an “outperform” rating and a $41.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. NexPoint Residential Trust has a consensus rating of “Buy” and a consensus target price of $38.20.
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.
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