NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 162,783 shares of the financial services provider’s stock after selling 2,644 shares during the period. State of New Jersey Common Pension Fund D’s holdings in NexPoint Residential Trust were worth $6,796,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jane Street Group LLC raised its stake in NexPoint Residential Trust by 160.3% during the third quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock worth $2,554,000 after purchasing an additional 35,741 shares during the period. Geode Capital Management LLC raised its stake in shares of NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after acquiring an additional 2,740 shares during the period. Franklin Resources Inc. raised its stake in shares of NexPoint Residential Trust by 164.0% in the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock valued at $1,506,000 after acquiring an additional 21,660 shares during the period. JPMorgan Chase & Co. raised its stake in shares of NexPoint Residential Trust by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 117,090 shares of the financial services provider’s stock valued at $5,153,000 after acquiring an additional 16,746 shares during the period. Finally, BNP Paribas Financial Markets grew its position in NexPoint Residential Trust by 23.4% in the third quarter. BNP Paribas Financial Markets now owns 7,348 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 1,393 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Trading Down 1.1 %

Shares of NexPoint Residential Trust stock opened at $39.73 on Wednesday. The company’s fifty day moving average price is $40.71 and its two-hundred day moving average price is $43.36. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust, Inc. has a 52-week low of $28.20 and a 52-week high of $48.37. The firm has a market capitalization of $1.01 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.42.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, NexPoint Residential Trust currently has an average rating of “Hold” and an average target price of $49.00.

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.