Resona Asset Management Co. Ltd. Makes New Investment in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Resona Asset Management Co. Ltd. acquired a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,797 shares of the financial services provider’s stock, valued at approximately $366,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXRT. Jane Street Group LLC raised its position in NexPoint Residential Trust by 160.3% in the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after purchasing an additional 35,741 shares in the last quarter. Foundry Partners LLC increased its stake in shares of NexPoint Residential Trust by 24.3% during the fourth quarter. Foundry Partners LLC now owns 179,035 shares of the financial services provider’s stock worth $7,475,000 after buying an additional 34,956 shares during the period. JPMorgan Chase & Co. raised its holdings in NexPoint Residential Trust by 27.3% in the fourth quarter. JPMorgan Chase & Co. now owns 149,020 shares of the financial services provider’s stock valued at $6,222,000 after acquiring an additional 31,930 shares in the last quarter. Norges Bank purchased a new position in NexPoint Residential Trust in the fourth quarter worth approximately $1,127,000. Finally, Tidal Investments LLC acquired a new position in NexPoint Residential Trust during the 3rd quarter worth approximately $1,166,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Price Performance

NXRT stock opened at $34.67 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The company has a market capitalization of $883.01 million, a P/E ratio of 19.81, a PEG ratio of 2.34 and a beta of 1.18. The business has a 50 day simple moving average of $38.88 and a 200-day simple moving average of $41.51. NexPoint Residential Trust, Inc. has a twelve month low of $30.73 and a twelve month high of $48.37.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.88%. The ex-dividend date was Friday, March 14th. NexPoint Residential Trust’s payout ratio is currently -20,400.00%.

Insider Buying and Selling at NexPoint Residential Trust

In related news, insider Paul Richards acquired 5,814 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was bought at an average cost of $33.24 per share, with a total value of $193,257.36. Following the transaction, the insider now owns 18,493 shares of the company’s stock, valued at $614,707.32. The trade was a 45.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NXRT shares. Raymond James decreased their price objective on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, March 20th. StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Jefferies Financial Group upped their price target on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a report on Monday, March 10th. Finally, Truist Financial raised their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.33.

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.