US Bancorp DE Sells 3,411 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

US Bancorp DE trimmed its stake in NexPoint Residential Trust, Inc. (NYSE:NXRTGet Rating) by 19.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,846 shares of the financial services provider’s stock after selling 3,411 shares during the quarter. US Bancorp DE’s holdings in NexPoint Residential Trust were worth $640,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NXRT. Federated Hermes Inc. raised its stake in shares of NexPoint Residential Trust by 192.6% in the first quarter. Federated Hermes Inc. now owns 401,807 shares of the financial services provider’s stock worth $36,287,000 after purchasing an additional 264,502 shares during the last quarter. State Street Corp increased its position in NexPoint Residential Trust by 10.7% during the first quarter. State Street Corp now owns 1,364,076 shares of the financial services provider’s stock valued at $123,190,000 after acquiring an additional 131,447 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in NexPoint Residential Trust by 24.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 337,570 shares of the financial services provider’s stock valued at $21,102,000 after acquiring an additional 67,222 shares during the last quarter. Copeland Capital Management LLC increased its position in NexPoint Residential Trust by 9.8% during the third quarter. Copeland Capital Management LLC now owns 749,402 shares of the financial services provider’s stock valued at $34,630,000 after acquiring an additional 66,825 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in NexPoint Residential Trust by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,721,010 shares of the financial services provider’s stock valued at $245,735,000 after acquiring an additional 66,684 shares during the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, General Counsel Dennis Charles Sauter, Jr. acquired 2,223 shares of the company’s stock in a transaction dated Friday, November 4th. The stock was purchased at an average price of $44.57 per share, with a total value of $99,079.11. Following the completion of the purchase, the general counsel now directly owns 5,795 shares in the company, valued at approximately $258,283.15. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NXRT shares. Credit Suisse Group cut NexPoint Residential Trust from an “outperform” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research report on Monday, January 9th. StockNews.com cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, January 13th. Jefferies Financial Group cut NexPoint Residential Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $78.00 to $45.00 in a research report on Wednesday, October 19th. Finally, Truist Financial reduced their price target on NexPoint Residential Trust from $66.00 to $48.00 and set a “hold” rating for the company in a research report on Tuesday, November 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.83.

NexPoint Residential Trust Stock Performance

NYSE NXRT opened at $45.57 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 45.57, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 3.17. The business has a 50-day moving average price of $45.12 and a 200-day moving average price of $50.17. NexPoint Residential Trust, Inc. has a twelve month low of $38.67 and a twelve month high of $95.04.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.42 dividend. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, December 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.69%. NexPoint Residential Trust’s dividend payout ratio is 168.00%.

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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