Sumitomo Mitsui Trust Holdings Inc. Purchases 2,125 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 8.6% in the fourth quarter, HoldingsChannel reports. The firm owned 26,797 shares of the financial services provider’s stock after acquiring an additional 2,125 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in NexPoint Residential Trust were worth $923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NXRT. AQR Capital Management LLC increased its holdings in NexPoint Residential Trust by 175.9% in the third quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock valued at $5,263,000 after purchasing an additional 104,270 shares during the last quarter. Copeland Capital Management LLC increased 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 purchasing an additional 100,430 shares during the last quarter. Strs Ohio increased its holdings in NexPoint Residential Trust by 1,525.0% in the third quarter. Strs Ohio now owns 78,000 shares of the financial services provider’s stock valued at $2,510,000 after purchasing an additional 73,200 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in NexPoint Residential Trust by 41.7% in the third quarter. Envestnet Asset Management Inc. now owns 145,379 shares of the financial services provider’s stock valued at $4,678,000 after purchasing an additional 42,789 shares during the last quarter. Finally, Pasadena Private Wealth LLC bought a new stake in NexPoint Residential Trust in the fourth quarter valued at about $1,428,000. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 1.4 %

NYSE:NXRT opened at $32.85 on Friday. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $846.54 million, a PE ratio of 19.55, a PEG ratio of 1.00 and a beta of 1.28. NexPoint Residential Trust, Inc. has a 52-week low of $26.21 and a 52-week high of $49.87. The stock has a 50-day simple moving average of $30.84 and a 200 day simple moving average of $31.33.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.462 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.63%. NexPoint Residential Trust’s payout ratio is presently 110.12%.

Analysts Set New Price Targets

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

About NexPoint Residential Trust

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.