NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 21.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,719 shares of the financial services provider’s stock after selling 3,530 shares during the quarter. SG Americas Securities LLC’s holdings in NexPoint Residential Trust were worth $503,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NexPoint Residential Trust by 2.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 266 shares during the last quarter. Van ECK Associates Corp boosted its position in NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 336 shares during the period. Capital Square LLC boosted its position in NexPoint Residential Trust by 2.9% during the 4th quarter. Capital Square LLC now owns 12,741 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 356 shares during the period. Envestnet Asset Management Inc. boosted its position in NexPoint Residential Trust by 0.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider’s stock worth $5,892,000 after acquiring an additional 364 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of NexPoint Residential Trust by 2.0% during the 4th quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider’s stock valued at $951,000 after buying an additional 439 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NXRT. Compass Point reaffirmed a “neutral” rating and issued a $42.50 price target (down from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Truist Financial cut their price target on NexPoint Residential Trust from $42.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, May 29th. Citizens Jmp downgraded NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Raymond James Financial downgraded NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Finally, Jefferies Financial Group upped their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.58.

Insider Transactions at NexPoint Residential Trust

In other news, insider Paul Richards acquired 5,814 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $33.24 per share, with a total value of $193,257.36. Following the completion of the purchase, the insider now directly owns 18,493 shares in the company, valued at approximately $614,707.32. This trade represents a 45.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 15.36% of the stock is currently owned by company insiders.

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT opened at $33.52 on Monday. The stock has a fifty day simple moving average of $35.46 and a two-hundred day simple moving average of $38.35. NexPoint Residential Trust, Inc. has a 1-year low of $30.98 and a 1-year high of $48.37. The firm has a market cap of $847.26 million, a price-to-earnings ratio of -26.18, a price-to-earnings-growth ratio of 1.99 and a beta of 1.08. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 3.86.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a negative return on equity of 7.42% and a negative net margin of 12.57%. The business had revenue of $63.22 million for the quarter, compared to the consensus estimate of $63.29 million. Analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.51 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 6.09%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -159.38%.

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.