Asset Management One Co. Ltd. Sells 439 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Asset Management One Co. Ltd. lowered its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,087 shares of the financial services provider’s stock after selling 439 shares during the period. Asset Management One Co. Ltd. owned approximately 0.14% of NexPoint Residential Trust worth $1,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NXRT. Tower Research Capital LLC TRC lifted its stake in NexPoint Residential Trust by 332.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 844 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 649 shares during the period. Quantbot Technologies LP bought a new position in NexPoint Residential Trust during the second quarter valued at approximately $60,000. PNC Financial Services Group Inc. lifted its position in NexPoint Residential Trust by 65.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 873 shares during the period. Acadian Asset Management LLC purchased a new stake in NexPoint Residential Trust in the first quarter worth approximately $117,000. Finally, Captrust Financial Advisors bought a new stake in NexPoint Residential Trust in the 2nd quarter worth approximately $131,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Down 1.7 %

NXRT stock opened at $31.89 on Friday. The business’s 50-day moving average price is $30.58 and its 200-day moving average price is $31.27. The stock has a market cap of $821.81 million, a P/E ratio of 18.98, a PEG ratio of 0.99 and a beta of 1.28. NexPoint Residential Trust, Inc. has a twelve month low of $26.21 and a twelve month high of $49.87. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.16.

NexPoint Residential Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.462 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.79%. NexPoint Residential Trust’s payout ratio is currently 110.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NXRT shares. Janney Montgomery Scott cut NexPoint Residential Trust from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a report on Wednesday, December 20th. Raymond James downgraded NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of NexPoint Residential Trust in a research note on Tuesday, January 30th. They issued a “buy” rating and a $38.00 price objective on the stock. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. Finally, Truist Financial reduced their target price on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, NexPoint Residential Trust currently has an average rating of “Hold” and a consensus target price of $37.25.

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.