Nisa Investment Advisors LLC Has $331,000 Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Nisa Investment Advisors LLC cut its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,373 shares of the financial services provider’s stock after selling 622 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NexPoint Residential Trust were worth $331,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in NexPoint Residential Trust by 1,732.4% in the first quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 589 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in NexPoint Residential Trust in the fourth quarter valued at approximately $35,000. Meeder Asset Management Inc. lifted its stake in NexPoint Residential Trust by 158.3% in the fourth quarter. Meeder Asset Management Inc. now owns 2,462 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 1,509 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of NexPoint Residential Trust in the fourth quarter worth $211,000. Finally, Quantinno Capital Management LP lifted its stake in shares of NexPoint Residential Trust by 13.3% in the fourth quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider’s stock worth $287,000 after buying an additional 804 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Trading Up 1.8%

Shares of NexPoint Residential Trust stock opened at $34.36 on Thursday. The firm has a market capitalization of $868.57 million, a PE ratio of -26.84, a price-to-earnings-growth ratio of 2.00 and a beta of 1.06. The company has a debt-to-equity ratio of 3.86, a current ratio of 2.65 and a quick ratio of 2.65. The company’s fifty day moving average price is $34.32 and its two-hundred day moving average price is $37.16. NexPoint Residential Trust, Inc. has a 52-week low of $30.98 and a 52-week high of $48.37.

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

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Monday, June 16th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -159.38%.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards purchased 5,000 shares of the stock in a transaction on Wednesday, June 25th. The shares were purchased at an average price of $32.92 per share, with a total value of $164,600.00. Following the acquisition, the insider directly owned 24,689 shares of the company’s stock, valued at $812,761.88. This represents a 25.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 15.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NXRT shares. JMP Securities restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Truist Financial reduced their price objective on shares of 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. Raymond James Financial cut shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Citizens Jmp cut shares of NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Finally, Compass Point restated a “neutral” rating and issued a $42.50 price objective (down from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.58.

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.