Capital Square LLC Trims Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Capital Square LLC lessened its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 12,385 shares of the financial services provider’s stock after selling 350 shares during the period. Capital Square LLC’s holdings in NexPoint Residential Trust were worth $545,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 232 shares during the period. Van ECK Associates Corp increased its holdings in NexPoint Residential Trust by 7.3% during the 2nd quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 236 shares during the period. Creative Planning boosted its stake in shares of NexPoint Residential Trust by 3.0% in the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after buying an additional 341 shares during the period. Federated Hermes Inc. raised its holdings in NexPoint Residential Trust by 4.1% in the second quarter. Federated Hermes Inc. now owns 9,094 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 359 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in NexPoint Residential Trust by 1.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 47,286 shares of the financial services provider’s stock worth $1,521,000 after acquiring an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on NXRT shares. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, October 21st. StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Truist Financial boosted their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Compass Point lifted their price target on NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.83.

NexPoint Residential Trust Price Performance

Shares of NXRT traded up $0.89 on Monday, reaching $47.37. The stock had a trading volume of 9,293 shares, compared to its average volume of 139,317. The firm has a 50-day moving average of $44.15 and a 200 day moving average of $41.97. The firm has a market capitalization of $1.20 billion, a PE ratio of 26.56, a PEG ratio of 1.55 and a beta of 1.37. NexPoint Residential Trust, Inc. has a twelve month low of $28.20 and a twelve month high of $48.37. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The business had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $64.69 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Sell-side analysts expect that NexPoint Residential Trust, Inc. will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.31%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 105.71%.

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.