Commonwealth Equity Services LLC Acquires 226 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Commonwealth Equity Services LLC grew its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,498 shares of the financial services provider’s stock after acquiring an additional 226 shares during the quarter. Commonwealth Equity Services LLC’s holdings in NexPoint Residential Trust were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NXRT. First Trust Advisors LP boosted its position in shares of NexPoint Residential Trust by 1.7% in the first quarter. First Trust Advisors LP now owns 42,037 shares of the financial services provider’s stock valued at $1,612,000 after acquiring an additional 695 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of NexPoint Residential Trust by 7.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 47,816 shares of the financial services provider’s stock valued at $1,833,000 after acquiring an additional 3,181 shares during the period. Swiss National Bank boosted its position in shares of NexPoint Residential Trust by 10.4% in the second quarter. Swiss National Bank now owns 49,709 shares of the financial services provider’s stock valued at $2,733,000 after acquiring an additional 4,700 shares during the period. Citigroup Inc. boosted its position in shares of NexPoint Residential Trust by 45.6% in the second quarter. Citigroup Inc. now owns 36,546 shares of the financial services provider’s stock valued at $2,009,000 after acquiring an additional 11,451 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of NexPoint Residential Trust in the second quarter valued at $269,000. 76.33% of the stock is owned by institutional investors.

NexPoint Residential Trust stock opened at $82.46 on Friday. The company has a debt-to-equity ratio of 3.81, a current ratio of 2.12 and a quick ratio of 2.12. The stock has a fifty day moving average price of $78.69 and a two-hundred day moving average price of $67.57. NexPoint Residential Trust, Inc. has a 52-week low of $39.13 and a 52-week high of $84.54. The firm has a market capitalization of $2.08 billion, a P/E ratio of -104.38 and a beta of 1.02.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, November 2nd. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.82). NexPoint Residential Trust had a negative return on equity of 4.84% and a negative net margin of 9.42%. During the same period last year, the business earned $0.60 EPS. On average, equities research analysts predict that NexPoint Residential Trust, Inc. will post 2.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 30th. Shareholders of record on Wednesday, December 15th were paid a dividend of $0.38 per share. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a yield of 1.84%. The ex-dividend date was Tuesday, December 14th. NexPoint Residential Trust’s dividend payout ratio is currently -192.40%.

A number of research analysts recently commented on the company. Truist upped their target price on NexPoint Residential Trust from $64.00 to $79.00 and gave the company a “hold” rating in a research note on Monday, December 6th. Zacks Investment Research upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Wednesday, December 15th. B. Riley restated a “neutral” rating on shares of NexPoint Residential Trust in a research note on Tuesday, September 28th. Finally, Truist Securities upped their target price on NexPoint Residential Trust from $64.00 to $79.00 and gave the company a “hold” rating in a research note on Monday, December 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.25.

NexPoint Residential Trust Profile

NexPoint Residential Trust, Inc engages in the acquisition, management, and disposition of multifamily assets. It also focuses on providing lifestyle amenities and upgraded living spaces to low and moderate income renters in the Southeastern United States and Texas. The company was founded on September 19, 2014 and is headquartered in Dallas, TX.

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Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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