Strs Ohio Raises Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Strs Ohio grew its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 61.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 125,900 shares of the financial services provider’s stock after purchasing an additional 47,900 shares during the quarter. Strs Ohio’s holdings in NexPoint Residential Trust were worth $4,334,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Pasadena Private Wealth LLC bought a new position in shares of NexPoint Residential Trust in the 4th quarter worth $1,428,000. AQR Capital Management LLC raised its position in shares of NexPoint Residential Trust by 175.9% in the 3rd quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock worth $5,263,000 after acquiring an additional 104,270 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NexPoint Residential Trust by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 293,310 shares of the financial services provider’s stock worth $9,439,000 after acquiring an additional 6,292 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of NexPoint Residential Trust by 4.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 276,163 shares of the financial services provider’s stock worth $8,887,000 after acquiring an additional 12,404 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of NexPoint Residential Trust by 1.0% in the 3rd quarter. Swiss National Bank now owns 50,809 shares of the financial services provider’s stock worth $1,635,000 after acquiring an additional 500 shares in the last quarter. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NXRT has been the topic of several recent analyst reports. Raymond James lowered NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft initiated coverage on NexPoint Residential Trust in a research report on Tuesday, January 30th. They set a “buy” rating and a $38.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. Finally, Truist Financial reduced their target price on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, NexPoint Residential Trust has a consensus rating of “Hold” and an average target price of $37.25.

NexPoint Residential Trust Trading Up 1.8 %

Shares of NYSE:NXRT opened at $31.34 on Friday. NexPoint Residential Trust, Inc. has a 52-week low of $26.21 and a 52-week high of $49.87. The stock has a market cap of $807.63 million, a price-to-earnings ratio of 18.65, a PEG ratio of 0.93 and a beta of 1.28. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.16. The business has a 50-day moving average price of $30.59 and a 200-day moving average price of $31.26.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.462 dividend. This represents a $1.85 annualized dividend and a dividend yield of 5.90%. The ex-dividend date was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is 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.