NexPoint Residential Trust, Inc. (NYSE:NXRT) Position Boosted by Texas Permanent School Fund

Texas Permanent School Fund raised its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRTGet Rating) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,718 shares of the financial services provider’s stock after acquiring an additional 606 shares during the period. Texas Permanent School Fund’s holdings in NexPoint Residential Trust were worth $1,045,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Yousif Capital Management LLC raised its stake in shares of NexPoint Residential Trust by 0.6% during the first quarter. Yousif Capital Management LLC now owns 21,646 shares of the financial services provider’s stock valued at $1,955,000 after purchasing an additional 136 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of NexPoint Residential Trust by 4.6% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,434 shares of the financial services provider’s stock worth $310,000 after buying an additional 150 shares in the last quarter. abrdn plc lifted its stake in shares of NexPoint Residential Trust by 3.3% in the 1st quarter. abrdn plc now owns 4,938 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 157 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of NexPoint Residential Trust by 2.0% in the second quarter. Maryland State Retirement & Pension System now owns 9,295 shares of the financial services provider’s stock valued at $581,000 after acquiring an additional 182 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of NexPoint Residential Trust by 2.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,583 shares of the financial services provider’s stock valued at $865,000 after acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 91.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JMP Securities assumed coverage on NexPoint Residential Trust in a research note on Tuesday, September 20th. They set an “outperform” rating and a $70.00 price target for the company. Jefferies Financial Group cut shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $78.00 to $45.00 in a research report on Wednesday, October 19th. StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 14th. Raymond James reiterated a “downgrade” rating on shares of NexPoint Residential Trust in a report on Thursday, August 4th. Finally, Janney Montgomery Scott upgraded shares of NexPoint Residential Trust from a “neutral” rating to a “buy” rating in a report on Friday, August 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.71.

Insiders Place Their Bets

In related news, General Counsel Dennis Charles Sauter, Jr. acquired 2,223 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average cost of $44.57 per share, with a total value of $99,079.11. Following the completion of the transaction, the general counsel now owns 5,795 shares of the company’s stock, valued at approximately $258,283.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.69% of the company’s stock.

NexPoint Residential Trust Trading Up 1.5 %

NexPoint Residential Trust stock opened at $47.89 on Friday. The company has a 50 day moving average price of $45.70 and a 200 day moving average price of $57.65. The company has a debt-to-equity ratio of 3.17, a quick ratio of 1.86 and a current ratio of 1.86. NexPoint Residential Trust, Inc. has a 52 week low of $38.67 and a 52 week high of $95.04. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 47.89, a P/E/G ratio of 1.88 and a beta of 1.04.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.42 per share. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, December 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.51%. NexPoint Residential Trust’s payout ratio is currently 152.00%.

NexPoint Residential Trust Profile

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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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