DigitalBridge Group Inc. Invests $7.44 Million in NexPoint Residential Trust, Inc. $NXRT

DigitalBridge Group Inc. purchased a new stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 231,006 shares of the financial services provider’s stock, valued at approximately $7,443,000. DigitalBridge Group Inc. owned approximately 0.91% of NexPoint Residential Trust at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of NexPoint Residential Trust by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 402 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in NexPoint Residential Trust by 3.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 488 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of NexPoint Residential Trust by 10.8% in the third quarter. Van ECK Associates Corp now owns 5,472 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 535 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of NexPoint Residential Trust by 6.3% during the third quarter. Resona Asset Management Co. Ltd. now owns 9,686 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 571 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NexPoint Residential Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 573 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

NXRT has been the subject of several research analyst reports. Zacks Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday, March 10th. Raymond James Financial reissued an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday, February 27th. Truist Financial reduced their target price on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Finally, Wall Street Zen downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $37.83.

Insider Buying and Selling

In other NexPoint Residential Trust news, Director Brian Mitts sold 24,296 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $28.85, for a total value of $700,939.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Matt Mcgraner purchased 1,000 shares of NexPoint Residential Trust stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average cost of $26.14 per share, for a total transaction of $26,140.00. Following the completion of the transaction, the insider owned 316,821 shares of the company’s stock, valued at approximately $8,281,700.94. This represents a 0.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 5,000 shares of company stock valued at $133,000 in the last 90 days. 15.36% of the stock is owned by insiders.

NexPoint Residential Trust Trading Down 0.2%

NYSE:NXRT opened at $26.00 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 5.27. NexPoint Residential Trust, Inc. has a 1-year low of $25.47 and a 1-year high of $40.78. The firm has a market capitalization of $660.66 million, a price-to-earnings ratio of -20.47 and a beta of 1.19. The business’s 50-day moving average price is $29.43 and its two-hundred day moving average price is $30.58.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 8.2%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -166.93%.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single?family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi?family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single?family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.