Federated Hermes Inc. Grows Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Federated Hermes Inc. lifted its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,059 shares of the financial services provider’s stock after purchasing an additional 884 shares during the quarter. Federated Hermes Inc.’s holdings in NexPoint Residential Trust were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Strs Ohio raised its holdings in NexPoint Residential Trust by 61.4% in the 4th quarter. Strs Ohio now owns 125,900 shares of the financial services provider’s stock worth $4,334,000 after acquiring an additional 47,900 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of NexPoint Residential Trust by 8.6% in the 4th 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 in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of NexPoint Residential Trust in the fourth quarter worth $401,000. 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 valued at $395,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of NexPoint Residential Trust by 31.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,933 shares of the financial services provider’s stock valued at $342,000 after buying an additional 2,351 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NexPoint Residential Trust Trading Up 1.7 %

NexPoint Residential Trust stock opened at $34.85 on Monday. NexPoint Residential Trust, Inc. has a 52-week low of $26.21 and a 52-week high of $49.87. The company has a market cap of $898.08 million, a P/E ratio of 12.31, a P/E/G ratio of 1.05 and a beta of 1.25. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 2.90. The business has a 50-day simple moving average of $31.34 and a two-hundred day simple moving average of $31.44.

NexPoint Residential Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.4624 per share. This represents a $1.85 annualized dividend and a yield of 5.31%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, June 14th. NexPoint Residential Trust’s payout ratio is 65.37%.

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.