NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Acquired by Swiss National Bank

Swiss National Bank grew its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,709 shares of the financial services provider’s stock after purchasing an additional 900 shares during the period. Swiss National Bank owned about 0.22% of NexPoint Residential Trust worth $2,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in NexPoint Residential Trust by 1.1% during the third quarter. Vanguard Group Inc. now owns 2,784,482 shares of the financial services provider’s stock valued at $128,670,000 after buying an additional 29,122 shares in the last quarter. State Street Corp lifted its position in shares of NexPoint Residential Trust by 1.9% in the 2nd quarter. State Street Corp now owns 1,389,586 shares of the financial services provider’s stock valued at $86,863,000 after acquiring an additional 25,510 shares in the last quarter. Copeland Capital Management LLC boosted its stake in NexPoint Residential Trust by 40.4% in the 4th quarter. Copeland Capital Management LLC now owns 1,052,260 shares of the financial services provider’s stock worth $45,794,000 after purchasing an additional 302,858 shares during the period. Goldman Sachs Group Inc. grew its position in NexPoint Residential Trust by 6.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 732,549 shares of the financial services provider’s stock worth $45,792,000 after purchasing an additional 42,027 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in NexPoint Residential Trust by 8.2% during the 3rd quarter. Nuveen Asset Management LLC now owns 516,202 shares of the financial services provider’s stock valued at $23,854,000 after purchasing an additional 39,140 shares during the period. Institutional investors and hedge funds own 77.28% of the company’s stock.

NexPoint Residential Trust Stock Down 2.6 %

NexPoint Residential Trust stock opened at $40.74 on Thursday. NexPoint Residential Trust, Inc. has a 1-year low of $38.67 and a 1-year high of $76.08. The firm’s fifty day simple moving average is $42.20 and its 200-day simple moving average is $44.99. The company has a market capitalization of $1.05 billion, a P/E ratio of -127.31, a P/E/G ratio of 1.66 and a beta of 1.07. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 3.41.

NexPoint Residential Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, June 14th. NexPoint Residential Trust’s dividend payout ratio is -525.00%.

Wall Street Analyst Weigh In

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

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.