NexPoint Residential Trust, Inc. (NYSE:NXRT) Short Interest Up 25.5% in April

NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) saw a large growth in short interest in April. As of April 30th, there was short interest totalling 688,400 shares, a growth of 25.5% from the April 15th total of 548,700 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average trading volume of 115,500 shares, the days-to-cover ratio is presently 6.0 days.

In other news, CFO Brian Mitts sold 1,100 shares of NexPoint Residential Trust stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $90.80, for a total value of $99,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 12.69% of the company’s stock.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of NexPoint Residential Trust by 0.8% in the 4th quarter. BlackRock Inc. now owns 4,133,782 shares of the financial services provider’s stock worth $346,536,000 after buying an additional 32,592 shares during the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 66,684 shares during the last quarter. State Street Corp lifted its holdings 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 purchasing an additional 131,447 shares during the last quarter. Geode Capital Management LLC lifted its holdings in NexPoint Residential Trust by 0.6% during the third quarter. Geode Capital Management LLC now owns 447,353 shares of the financial services provider’s stock valued at $27,682,000 after purchasing an additional 2,534 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in NexPoint Residential Trust by 192.6% during the first quarter. Federated Hermes Inc. now owns 401,807 shares of the financial services provider’s stock valued at $36,287,000 after purchasing an additional 264,502 shares during the last quarter. 77.47% of the stock is currently owned by institutional investors.

A number of brokerages have commented on NXRT. Colliers Securities began coverage on shares of NexPoint Residential Trust in a research note on Wednesday, January 19th. They set a “buy” rating and a $92.00 price target for the company. Raymond James boosted their price target on shares of NexPoint Residential Trust from $67.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, February 22nd. StockNews.com assumed coverage on shares of NexPoint Residential Trust in a research note on Thursday, March 31st. They issued a “hold” rating for the company. BTIG Research assumed coverage on shares of NexPoint Residential Trust in a research note on Monday, May 9th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research lowered shares of NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NexPoint Residential Trust currently has a consensus rating of “Hold” and an average price target of $90.50.

Shares of NYSE NXRT traded down $0.62 during trading on Thursday, hitting $71.68. The stock had a trading volume of 866 shares, compared to its average volume of 141,129. NexPoint Residential Trust has a 12 month low of $48.85 and a 12 month high of $95.04. The company has a debt-to-equity ratio of 3.14, a current ratio of 6.09 and a quick ratio of 6.10. The company has a market capitalization of $1.84 billion, a PE ratio of 74.54, a PEG ratio of 2.92 and a beta of 0.96. The firm has a fifty day moving average of $85.48 and a two-hundred day moving average of $81.71.

NexPoint Residential Trust (NYSE:NXRT – Get Rating) last issued its quarterly earnings results on Tuesday, February 15th. The financial services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.49. NexPoint Residential Trust had a net margin of 11.12% and a return on equity of 5.65%. During the same period in the prior year, the company posted $0.63 EPS. On average, equities analysts expect that NexPoint Residential Trust will post 3.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, June 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 156.70%.

About NexPoint Residential Trust (Get Rating)

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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