Texas Permanent School Fund Decreases Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Texas Permanent School Fund decreased its position in NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,232 shares of the financial services provider’s stock after selling 1,188 shares during the quarter. Texas Permanent School Fund owned approximately 0.06% of NexPoint Residential Trust worth $663,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of NexPoint Residential Trust by 47.5% during the 4th quarter. Fifth Third Bancorp now owns 987 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 318 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of NexPoint Residential Trust by 7.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 36,995 shares of the financial services provider’s stock valued at $1,616,000 after purchasing an additional 2,408 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of NexPoint Residential Trust by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 29,161 shares of the financial services provider’s stock valued at $1,348,000 after purchasing an additional 1,756 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of 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 in the last quarter. Finally, Strs Ohio boosted its stake in shares of NexPoint Residential Trust by 13.0% during the 4th quarter. Strs Ohio now owns 43,221 shares of the financial services provider’s stock valued at $1,880,000 after purchasing an additional 4,962 shares in the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.

NexPoint Residential Trust Trading Down 3.4 %

NYSE:NXRT opened at $40.08 on Wednesday. NexPoint Residential Trust, Inc. has a one year low of $38.67 and a one year high of $76.08. The company has a debt-to-equity ratio of 3.41, a current ratio of 2.09 and a quick ratio of 2.09. The company’s 50-day simple moving average is $42.59 and its 200 day simple moving average is $45.16. The firm has a market capitalization of $1.03 billion, a P/E ratio of -125.25, a PEG ratio of 1.68 and a beta of 1.07.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.68 annualized dividend and a yield of 4.19%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -525.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. TheStreet lowered shares of NexPoint Residential Trust from a “c” rating to a “d+” rating in a research note on Tuesday, February 21st. Finally, Truist Financial boosted their price objective on shares of NexPoint Residential Trust from $46.00 to $49.00 in a research note on Thursday, March 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.20.

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.