AlphaQuest LLC Increases Position in NexPoint Residential Trust, Inc. $NXRT

AlphaQuest LLC raised its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2,443.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,119 shares of the financial services provider’s stock after buying an additional 16,446 shares during the period. AlphaQuest LLC owned about 0.07% of NexPoint Residential Trust worth $570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Northern Trust Corp lifted its stake in NexPoint Residential Trust by 4.6% during the 1st quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock worth $18,022,000 after acquiring an additional 19,927 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in NexPoint Residential Trust by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider’s stock worth $14,266,000 after purchasing an additional 22,367 shares during the period. Invesco Ltd. increased its stake in NexPoint Residential Trust by 63.9% during the first quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock worth $13,056,000 after purchasing an additional 128,745 shares during the period. Millennium Management LLC lifted its position in shares of NexPoint Residential Trust by 15.6% during the first quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after purchasing an additional 44,391 shares in the last quarter. Finally, BROOKFIELD Corp ON lifted its position in shares of NexPoint Residential Trust by 109.7% during the first quarter. BROOKFIELD Corp ON now owns 193,982 shares of the financial services provider’s stock worth $7,668,000 after purchasing an additional 101,459 shares in the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NXRT shares. Truist Financial dropped their price objective on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a report on Tuesday, August 12th. Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NexPoint Residential Trust currently has an average rating of “Reduce” and an average target price of $40.88.

Insider Buying and Selling at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $30.92, for a total transaction of $154,600.00. Following the completion of the sale, the director owned 65,900 shares in the company, valued at $2,037,628. The trade was a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.36% of the company’s stock.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock opened at $31.23 on Wednesday. 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 company has a fifty day simple moving average of $32.41 and a 200-day simple moving average of $33.65. The stock has a market cap of $791.99 million, a P/E ratio of -15.93 and a beta of 1.08. NexPoint Residential Trust, Inc. has a 12-month low of $29.93 and a 12-month high of $48.31.

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

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Monday, December 15th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.51. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -104.08%.

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.