Macquarie Group Ltd. Sells 3,305 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Macquarie Group Ltd. cut its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) by 23.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,683 shares of the financial services provider’s stock after selling 3,305 shares during the period. Macquarie Group Ltd.’s holdings in NexPoint Residential Trust were worth $627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Yousif Capital Management LLC lifted its stake in shares of NexPoint Residential Trust by 0.6% in 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 purchasing an additional 136 shares during the last quarter. LPL Financial LLC lifted its stake in shares of NexPoint Residential Trust by 4.0% in the 2nd 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 during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of NexPoint Residential Trust by 3.4% in the 3rd 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. Great West Life Assurance Co. Can lifted its stake in shares of NexPoint Residential Trust by 0.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 37,735 shares of the financial services provider’s stock worth $3,510,000 after acquiring an additional 274 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of NexPoint Residential Trust by 0.6% during the 2nd quarter. Swiss National Bank now owns 54,109 shares of the financial services provider’s stock worth $3,382,000 after acquiring an additional 300 shares during the last quarter. 77.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NXRT shares. TheStreet lowered NexPoint Residential Trust from a “c” rating to a “d+” rating in a research note on Tuesday, February 21st. StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 13th. Truist Financial decreased their price target on NexPoint Residential Trust from $66.00 to $48.00 and set a “hold” rating for the company in a research note on Tuesday, November 29th. Finally, Credit Suisse Group lowered NexPoint Residential Trust from an “outperform” rating to a “neutral” rating and set a $47.00 price target for the company. in a research note on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.00.

NexPoint Residential Trust Trading Down 3.5 %

NXRT opened at $43.28 on Monday. The stock’s fifty day moving average is $47.20 and its two-hundred day moving average is $46.87. The company has a market capitalization of $1.11 billion, a P/E ratio of -123.66, a PEG ratio of 1.68 and a beta of 1.08. NexPoint Residential Trust, Inc. has a 52 week low of $38.67 and a 52 week high of $95.04. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 3.21.

NexPoint Residential Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a $0.42 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.88%. NexPoint Residential Trust’s dividend payout ratio is presently -480.00%.

NexPoint Residential Trust 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.