NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,324 shares of the financial services provider’s stock after selling 6,969 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of NexPoint Residential Trust worth $1,015,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Yousif Capital Management LLC grew its stake in NexPoint Residential Trust by 0.6% during the 1st quarter. Yousif Capital Management LLC now owns 21,646 shares of the financial services provider’s stock valued at $1,955,000 after acquiring an additional 136 shares in the last quarter. LPL Financial LLC grew its position in shares of NexPoint Residential Trust by 4.0% in the second quarter. LPL Financial LLC now owns 4,521 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 173 shares in the last quarter. Arizona State Retirement System grew its position in shares of NexPoint Residential Trust by 3.6% in the fourth quarter. Arizona State Retirement System now owns 6,513 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 227 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of NexPoint Residential Trust by 3.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 7,612 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 250 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in NexPoint Residential Trust by 0.7% during the first quarter. Great West Life Assurance Co. Can now owns 37,735 shares of the financial services provider’s stock worth $3,510,000 after buying an additional 274 shares in the last quarter. 77.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com assumed coverage on NexPoint Residential Trust in a research note on Thursday, May 18th. They issued a “hold” rating for the company. TheStreet lowered shares of NexPoint Residential Trust from a “c” rating to a “d+” rating in a report on Tuesday, February 21st. Finally, Truist Financial raised their price target on shares of NexPoint Residential Trust from $46.00 to $49.00 in a report on Thursday, March 16th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, NexPoint Residential Trust currently has an average rating of “Hold” and an average target price of $60.20.

NexPoint Residential Trust Trading Up 0.3 %

Shares of NXRT stock opened at $41.81 on Wednesday. NexPoint Residential Trust, Inc. has a 1-year low of $38.67 and a 1-year high of $76.08. The firm has a market cap of $1.07 billion, a PE ratio of -130.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The company has a 50-day moving average of $42.27 and a two-hundred day moving average of $45.02. The company has a debt-to-equity ratio of 3.41, a current ratio of 2.09 and a quick ratio of 2.09.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.02%. NexPoint Residential Trust’s payout ratio is currently -524.98%.

NexPoint Residential Trust Company Profile

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NexPoint Residential Trust, Inc engages in the acquisition, management, and disposition of multifamily assets. It also focuses on providing lifestyle amenities and upgraded living spaces to low and moderate income renters in the Southeastern United States and Texas. The company was founded on September 19, 2014 and is headquartered in Dallas, TX.