NexPoint Residential Trust, Inc. (NYSE:NXRT) Stake Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 44,457 shares of the financial services provider’s stock after selling 1,547 shares during the quarter. New York State Teachers Retirement System’s holdings in NexPoint Residential Trust were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in NexPoint Residential Trust by 2.5% during the fourth quarter. SG Americas Securities LLC now owns 13,107 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 321 shares during the last quarter. Pasadena Private Wealth LLC bought a new stake in NexPoint Residential Trust during the fourth quarter valued at $1,428,000. Public Employees Retirement System of Ohio increased its stake in NexPoint Residential Trust by 8.1% during the third quarter. Public Employees Retirement System of Ohio now owns 32,785 shares of the financial services provider’s stock valued at $1,055,000 after purchasing an additional 2,449 shares during the last quarter. Tudor Investment Corp Et Al increased its stake in NexPoint Residential Trust by 174.2% during the third quarter. Tudor Investment Corp Et Al now owns 34,969 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 22,218 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in NexPoint Residential Trust by 23.8% during the third quarter. Royal Bank of Canada now owns 38,013 shares of the financial services provider’s stock valued at $1,223,000 after purchasing an additional 7,304 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

Analyst Upgrades and Downgrades

NXRT has been the subject of several recent research reports. JMP Securities reiterated a “market outperform” rating and set a $40.00 target price on shares of NexPoint Residential Trust in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of NexPoint Residential Trust in a research note on Tuesday, January 30th. They set a “buy” rating and a $38.00 target price for the company. Janney Montgomery Scott lowered shares of NexPoint Residential Trust from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research report on Wednesday, December 20th. Truist Financial lowered their price target on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, April 9th. Finally, Raymond James lowered shares of NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, NexPoint Residential Trust has an average rating of “Hold” and an average target price of $37.25.

NexPoint Residential Trust Stock Down 0.7 %

NexPoint Residential Trust stock opened at $31.18 on Wednesday. The company has a 50-day simple moving average of $30.59 and a 200-day simple moving average of $31.27. The firm has a market capitalization of $803.51 million, a P/E ratio of 18.56, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.59 and a current ratio of 1.59. NexPoint Residential Trust, Inc. has a one year low of $26.21 and a one year high of $49.87.

NexPoint Residential Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.462 dividend. This represents a $1.85 annualized dividend and a yield of 5.93%. The ex-dividend date was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is currently 110.12%.

NexPoint Residential Trust Profile

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.