Maryland State Retirement & Pension System Trims Position in NexPoint Residential Trust, Inc. $NXRT

Maryland State Retirement & Pension System lessened its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 13.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,450 shares of the financial services provider’s stock after selling 1,013 shares during the quarter. Maryland State Retirement & Pension System’s holdings in NexPoint Residential Trust were worth $255,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in shares of NexPoint Residential Trust by 1,732.4% during the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock worth $25,000 after buying an additional 589 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of NexPoint Residential Trust during the 4th quarter worth $35,000. New Age Alpha Advisors LLC acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter worth $53,000. Vestcor Inc acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter worth $102,000. Finally, Quantinno Capital Management LP increased its holdings in shares of NexPoint Residential Trust by 13.3% during the 4th 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. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Up 1.8%

Shares of NYSE NXRT opened at $31.67 on Tuesday. NexPoint Residential Trust, Inc. has a 12-month low of $29.98 and a 12-month high of $48.37. The company has a market cap of $803.20 million, a P/E ratio of -16.16, a P/E/G ratio of 1.87 and a beta of 1.04. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. The stock has a fifty day moving average price of $33.12 and a 200 day moving average price of $35.99.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. The company had revenue of $63.10 million during the quarter, compared to analyst estimates of $63.32 million. Research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 6.4%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -104.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Raymond James Financial downgraded NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Truist Financial dropped their price objective on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a report on Tuesday, August 12th. Citizens Jmp downgraded NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Wall Street Zen downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Sunday, August 10th. Finally, JMP Securities reiterated a “market perform” rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.50.

Insider Buying and Selling at NexPoint Residential Trust

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

NexPoint Residential Trust Company 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.