Foundry Partners LLC Buys Shares of 144,079 NexPoint Residential Trust, Inc. (NYSE:NXRT)

Foundry Partners LLC bought a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 144,079 shares of the financial services provider’s stock, valued at approximately $6,341,000. Foundry Partners LLC owned about 0.57% of NexPoint Residential Trust at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NXRT. Intech Investment Management LLC grew its holdings in NexPoint Residential Trust by 38.3% during the third quarter. Intech Investment Management LLC now owns 9,307 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 2,575 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of NexPoint Residential Trust in the 3rd quarter valued at $42,000. Quest Partners LLC raised its stake in NexPoint Residential Trust by 104,800.0% during the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,048 shares during the period. Valley Wealth Managers Inc. bought a new position in NexPoint Residential Trust during the third quarter worth about $27,000. Finally, KBC Group NV increased its holdings in shares of NexPoint Residential Trust by 60.7% in the third quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 538 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NXRT has been the topic of several recent analyst reports. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Compass Point increased their price objective on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Truist Financial increased their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Finally, Raymond James raised 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.83.

NexPoint Residential Trust Trading Down 0.8 %

NexPoint Residential Trust stock opened at $45.77 on Thursday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.53 and a beta of 1.37. The firm has a 50-day moving average of $44.12 and a 200-day moving average of $41.74. 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 one year low of $28.20 and a one year high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results 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 net margin of 17.54% and a return on equity of 9.54%. The company had revenue of $64.10 million for the quarter, compared to analyst estimates of $64.69 million. During the same period last year, the company posted $0.76 earnings per share. On average, equities analysts expect that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.51 per share. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 4.46%. The ex-dividend date is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio is 105.71%.

NexPoint Residential Trust Profile

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.