Stephens Inc. AR grew its position in NexPoint Residential Trust Inc (NYSE:NXRT) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,898 shares of the financial services provider’s stock after purchasing an additional 396 shares during the quarter. Stephens Inc. AR owned about 0.06% of NexPoint Residential Trust worth $575,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXRT. CIBC Private Wealth Group LLC acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth approximately $215,000. Public Employees Retirement Association of Colorado acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth approximately $431,000. Advisor Group Inc. lifted its holdings in NexPoint Residential Trust by 266.2% during the 2nd quarter. Advisor Group Inc. now owns 2,717 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,975 shares in the last quarter. Aperio Group LLC acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth approximately $91,000. Finally, Dupont Capital Management Corp lifted its holdings in NexPoint Residential Trust by 79.6% during the 2nd quarter. Dupont Capital Management Corp now owns 32,273 shares of the financial services provider’s stock worth $1,336,000 after buying an additional 14,302 shares in the last quarter. 66.22% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider James D. Dondero purchased 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were purchased at an average cost of $41.19 per share, for a total transaction of $20,595,000.00. The purchase was disclosed in a document filed with the SEC, which is available through this link. 21.49% of the stock is owned by company insiders.
NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.54). NexPoint Residential Trust had a negative net margin of 10.21% and a negative return on equity of 6.07%. The firm had revenue of $43.07 million during the quarter, compared to analyst estimates of $43.05 million. On average, analysts predict that NexPoint Residential Trust Inc will post 1.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.10 annualized dividend and a yield of 2.36%. NexPoint Residential Trust’s dividend payout ratio is currently 58.51%.
NXRT has been the topic of a number of research reports. Boenning Scattergood reiterated a “hold” rating on shares of NexPoint Residential Trust in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday. Compass Point upgraded shares of NexPoint Residential Trust from a “neutral” rating to a “buy” rating and set a $46.50 price objective on the stock in a report on Wednesday, July 31st. Raymond James raised their price objective on shares of NexPoint Residential Trust to $51.00 and gave the company a “strong-buy” rating in a report on Monday. Finally, LADENBURG THALM/SH SH raised 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. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $44.92.
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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