BNP Paribas Financial Markets Buys 1,393 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

BNP Paribas Financial Markets raised its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 23.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,348 shares of the financial services provider’s stock after purchasing an additional 1,393 shares during the period. BNP Paribas Financial Markets’ holdings in NexPoint Residential Trust were worth $323,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in NexPoint Residential Trust by 10.5% in the 2nd quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider’s stock valued at $6,389,000 after buying an additional 15,400 shares during the last quarter. Long Pond Capital LP acquired a new stake in shares of NexPoint Residential Trust in the second quarter valued at about $24,273,000. Algert Global LLC grew its position in shares of NexPoint Residential Trust by 17.2% in the second quarter. Algert Global LLC now owns 86,003 shares of the financial services provider’s stock valued at $3,398,000 after purchasing an additional 12,627 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of NexPoint Residential Trust by 50.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,812 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 4,608 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of NexPoint Residential Trust by 58.0% during the 3rd quarter. SG Americas Securities LLC now owns 15,670 shares of the financial services provider’s stock worth $690,000 after purchasing an additional 5,751 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial raised their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $46.83.

NexPoint Residential Trust Stock Down 2.1 %

Shares of NXRT stock opened at $44.88 on Monday. The stock has a fifty day moving average price of $44.77 and a 200 day moving average price of $43.07. The stock has a market cap of $1.14 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.40. NexPoint Residential Trust, Inc. has a one year low of $28.20 and a one year high of $48.37. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79.

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

NexPoint Residential Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is 105.71%.

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.