UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.58 Million Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 386.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,755 shares of the financial services provider’s stock after acquiring an additional 100,714 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.50% of NexPoint Residential Trust worth $5,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. acquired a new position in shares of NexPoint Residential Trust during the 3rd quarter worth $27,000. Point72 DIFC Ltd acquired a new position in NexPoint Residential Trust during the 2nd quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. raised its stake in NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after buying an additional 232 shares during the period. Signaturefd LLC raised its stake in shares of NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 732 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of NexPoint Residential Trust in the third quarter worth approximately $42,000. 76.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NXRT. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, October 21st. StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised their price target on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, Truist Financial raised their price objective on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, NexPoint Residential Trust currently has an average rating of “Hold” and an average target price of $46.83.

NexPoint Residential Trust Stock Performance

NexPoint Residential Trust stock opened at $45.70 on Wednesday. The stock’s 50 day simple moving average is $44.61 and its two-hundred day simple moving average is $42.87. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.77 and a beta of 1.40. NexPoint Residential Trust, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The firm had revenue of $64.10 million for the quarter, compared to the consensus estimate of $64.69 million. During the same period in the previous year, the firm posted $0.76 earnings per share. As a group, analysts expect that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.46%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 105.71%.

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.