Strs Ohio Sells 1,552 Shares of NexPoint Residential Trust Inc (NYSE:NXRT)

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Strs Ohio reduced its position in NexPoint Residential Trust Inc (NYSE:NXRT) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,859 shares of the financial services provider’s stock after selling 1,552 shares during the quarter. Strs Ohio owned about 0.12% of NexPoint Residential Trust worth $1,153,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NXRT. State of Alaska Department of Revenue boosted its holdings in shares of NexPoint Residential Trust by 18.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,279 shares of the financial services provider’s stock worth $300,000 after buying an additional 1,145 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of NexPoint Residential Trust by 5.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 209,817 shares of the financial services provider’s stock worth $8,687,000 after buying an additional 10,500 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of NexPoint Residential Trust by 13.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,814 shares of the financial services provider’s stock worth $323,000 after buying an additional 914 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of NexPoint Residential Trust by 7.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 47,816 shares of the financial services provider’s stock worth $1,833,000 after buying an additional 3,181 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of NexPoint Residential Trust by 1.7% in the 1st quarter. First Trust Advisors LP now owns 42,037 shares of the financial services provider’s stock worth $1,612,000 after buying an additional 695 shares during the last quarter. 67.83% of the stock is currently owned by hedge funds and other institutional investors.

In other NexPoint Residential Trust news, insider James D. Dondero acquired 500,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were acquired at an average cost of $41.19 per share, with a total value of $20,595,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.49% of the stock is owned by corporate insiders.

NXRT has been the topic of a number of research analyst reports. Compass Point raised shares of NexPoint Residential Trust from a “neutral” rating to a “buy” rating and set a $46.50 price target on the stock in a report on Wednesday, July 31st. Zacks Investment Research downgraded shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James raised shares of NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $41.00 to $44.00 in a report on Friday, May 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of NexPoint Residential Trust in a report on Wednesday, May 1st. Finally, LADENBURG THALM/SH SH upped their price objective on shares of NexPoint Residential Trust from $41.50 to $44.00 and gave the company a “buy” rating in a report on Friday, May 31st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $43.08.

NYSE NXRT opened at $45.87 on Wednesday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 24.40, a PEG ratio of 2.41 and a beta of 0.41. NexPoint Residential Trust Inc has a 52 week low of $31.40 and a 52 week high of $46.68. The company has a debt-to-equity ratio of 3.60, a quick ratio of 2.12 and a current ratio of 2.12. The firm’s 50-day simple moving average is $42.77.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.54). The business had revenue of $43.07 million for the quarter, compared to analysts’ expectations of $43.05 million. NexPoint Residential Trust had a negative net margin of 10.21% and a negative return on equity of 6.07%. As a group, equities research analysts expect that NexPoint Residential Trust Inc will post 2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, September 12th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 58.51%.

NexPoint Residential Trust Company 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.

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Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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