Teacher Retirement System of Texas Purchases 18,541 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Teacher Retirement System of Texas raised its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 83.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,790 shares of the financial services provider’s stock after purchasing an additional 18,541 shares during the period. Teacher Retirement System of Texas owned 0.16% of NexPoint Residential Trust worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NXRT. Nexpoint Asset Management L.P. increased its stake in shares of NexPoint Residential Trust by 100.0% in the 4th quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider’s stock valued at $65,245,000 after acquiring an additional 781,266 shares during the last quarter. Northern Trust Corp increased its stake in shares of NexPoint Residential Trust by 18.6% in the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider’s stock valued at $18,202,000 after acquiring an additional 68,471 shares during the last quarter. Deutsche Bank AG increased its stake in shares of NexPoint Residential Trust by 2.6% in the 4th quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider’s stock valued at $15,929,000 after acquiring an additional 9,754 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NexPoint Residential Trust by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 338,512 shares of the financial services provider’s stock valued at $14,133,000 after acquiring an additional 5,832 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of NexPoint Residential Trust by 194.3% in the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider’s stock valued at $11,869,000 after acquiring an additional 187,680 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James Financial cut NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. JMP Securities reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Citizens Jmp cut NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Compass Point reissued a “neutral” rating and set a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. Finally, Truist Financial lowered their target price on NexPoint Residential Trust from $42.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, NexPoint Residential Trust has a consensus rating of “Hold” and an average target price of $43.58.

NexPoint Residential Trust Price Performance

Shares of NXRT opened at $34.11 on Friday. The stock has a market capitalization of $862.20 million, a P/E ratio of -26.65, a P/E/G ratio of 2.02 and a beta of 1.06. NexPoint Residential Trust, Inc. has a twelve month low of $30.98 and a twelve month high of $48.37. The company has a 50 day moving average of $34.55 and a 200-day moving average of $37.33. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 3.86.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $63.22 million during the quarter, compared to analysts’ expectations of $63.29 million. NexPoint Residential Trust had a negative net margin of 12.57% and a negative return on equity of 7.42%. As a group, equities research analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 5.98%. NexPoint Residential Trust’s dividend payout ratio is currently -159.38%.

Insider Buying and Selling at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The stock was bought at an average cost of $32.92 per share, with a total value of $164,600.00. Following the purchase, the insider directly owned 24,689 shares of the company’s stock, valued at $812,761.88. The trade was a 25.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 15.36% of the stock is owned by corporate insiders.

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.