Daiwa Securities Group Inc. Reduces Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Daiwa Securities Group Inc. decreased its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 4.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,826 shares of the financial services provider’s stock after selling 348 shares during the period. Daiwa Securities Group Inc.’s holdings in NexPoint Residential Trust were worth $235,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of 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 worth $451,000 after purchasing an additional 321 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of NexPoint Residential Trust by 4.4% during the third quarter. Nisa Investment Advisors LLC now owns 11,579 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 492 shares during the period. Swiss National Bank lifted its holdings in shares of NexPoint Residential Trust by 1.0% during the third quarter. Swiss National Bank now owns 50,809 shares of the financial services provider’s stock worth $1,635,000 after purchasing an additional 500 shares during the period. Capital Square LLC lifted its holdings in shares of NexPoint Residential Trust by 13.3% during the fourth quarter. Capital Square LLC now owns 11,469 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 1,350 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of NexPoint Residential Trust by 8.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,797 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 2,125 shares during the period. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Trading Up 1.3 %

Shares of NYSE:NXRT opened at $33.27 on Friday. NexPoint Residential Trust, Inc. has a 12-month low of $26.21 and a 12-month high of $49.87. The company has a market capitalization of $857.37 million, a PE ratio of 19.80, a PEG ratio of 0.99 and a beta of 1.28. The business has a 50 day moving average of $30.88 and a two-hundred day moving average of $31.33. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.16.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.462 per share. This represents a $1.85 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is 110.12%.

Analysts Set New Price Targets

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

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.