NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 40.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,227 shares of the financial services provider’s stock after selling 24,108 shares during the period. Raymond James & Associates’ holdings in NexPoint Residential Trust were worth $1,213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of NexPoint Residential Trust by 6.0% during the 2nd quarter. BlackRock Inc. now owns 4,642,552 shares of the financial services provider’s stock worth $211,143,000 after purchasing an additional 260,893 shares during the last quarter. Vanguard Group Inc. lifted its holdings in NexPoint Residential Trust by 1.1% in the third quarter. Vanguard Group Inc. now owns 2,784,482 shares of the financial services provider’s stock valued at $128,670,000 after acquiring an additional 29,122 shares during the last quarter. State Street Corp lifted its holdings in NexPoint Residential Trust by 0.5% in the second quarter. State Street Corp now owns 1,446,533 shares of the financial services provider’s stock valued at $65,788,000 after acquiring an additional 6,511 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in NexPoint Residential Trust by 7.8% in the third quarter. Copeland Capital Management LLC now owns 1,389,762 shares of the financial services provider’s stock valued at $44,723,000 after acquiring an additional 100,430 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in NexPoint Residential Trust by 6.1% in the second quarter. Goldman Sachs Group Inc. now owns 732,549 shares of the financial services provider’s stock valued at $45,792,000 after acquiring an additional 42,027 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Up 2.5 %

Shares of NYSE NXRT opened at $32.11 on Friday. The firm has a market cap of $827.47 million, a price-to-earnings ratio of 19.11, a PEG ratio of 0.95 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. NexPoint Residential Trust, Inc. has a 52-week low of $26.21 and a 52-week high of $49.87. The business’s 50 day moving average is $30.63 and its two-hundred day moving average is $31.27.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.462 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is 110.12%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NXRT shares. Deutsche Bank Aktiengesellschaft started coverage on NexPoint Residential Trust in a report on Tuesday, January 30th. They issued a “buy” rating and a $38.00 price objective on the stock. Truist Financial decreased their price objective on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, April 9th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. Finally, Raymond James lowered NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.25.

NexPoint Residential Trust Company 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.