State Board of Administration of Florida Retirement System Buys 1,180 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

State Board of Administration of Florida Retirement System lifted its stake in NexPoint Residential Trust, Inc. (NYSE:NXRTGet Rating) by 13.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,860 shares of the financial services provider’s stock after acquiring an additional 1,180 shares during the period. State Board of Administration of Florida Retirement System’s holdings in NexPoint Residential Trust were worth $616,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. abrdn plc increased its position in NexPoint Residential Trust by 3.3% in the 1st quarter. abrdn plc now owns 4,938 shares of the financial services provider’s stock worth $447,000 after buying an additional 157 shares during the period. Aptus Capital Advisors LLC increased its position in NexPoint Residential Trust by 28.2% in the 1st quarter. Aptus Capital Advisors LLC now owns 29,912 shares of the financial services provider’s stock worth $2,701,000 after buying an additional 6,585 shares during the period. First Foundation Advisors increased its position in NexPoint Residential Trust by 12.3% in the 1st quarter. First Foundation Advisors now owns 23,361 shares of the financial services provider’s stock worth $2,110,000 after buying an additional 2,564 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its position in NexPoint Residential Trust by 21.9% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 120,606 shares of the financial services provider’s stock worth $10,892,000 after buying an additional 21,666 shares during the period. Finally, Arete Wealth Advisors LLC bought a new position in NexPoint Residential Trust in the 1st quarter worth approximately $208,000. 91.22% of the stock is owned by institutional investors.

NexPoint Residential Trust Price Performance

Shares of NXRT stock opened at $47.89 on Friday. The stock’s fifty day simple moving average is $45.70 and its 200 day simple moving average is $57.65. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 47.89, a P/E/G ratio of 1.88 and a beta of 1.04. NexPoint Residential Trust, Inc. has a one year low of $38.67 and a one year high of $95.04.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.51%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.38. NexPoint Residential Trust’s payout ratio is currently 152.00%.

Insiders Place Their Bets

In other NexPoint Residential Trust news, General Counsel Dennis Charles Sauter, Jr. acquired 2,223 shares of NexPoint Residential Trust stock in a transaction on Friday, November 4th. The shares were bought 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 owns 5,795 shares in the company, valued at $258,283.15. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NXRT shares. Jefferies Financial Group cut NexPoint Residential Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $78.00 to $45.00 in a research report on Wednesday, October 19th. JMP Securities started coverage on NexPoint Residential Trust in a research report on Tuesday, September 20th. They set an “outperform” rating and a $70.00 price objective on the stock. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 14th. Janney Montgomery Scott upgraded NexPoint Residential Trust from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th. Finally, Raymond James restated a “downgrade” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.71.

NexPoint Residential Trust Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding NXRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexPoint Residential Trust, Inc. (NYSE:NXRTGet Rating).

Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.