NexPoint Residential Trust, Inc. (NYSE:NXRT) Position Increased by Foundry Partners LLC

Foundry Partners LLC raised its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 24.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 179,035 shares of the financial services provider’s stock after acquiring an additional 34,956 shares during the period. Foundry Partners LLC’s holdings in NexPoint Residential Trust were worth $7,475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NexPoint Residential Trust by 386.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock worth $5,578,000 after purchasing an additional 100,714 shares during the period. Jane Street Group LLC raised its holdings in NexPoint Residential Trust by 160.3% during the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock worth $2,554,000 after buying an additional 35,741 shares during the period. JPMorgan Chase & Co. lifted its stake in NexPoint Residential Trust by 27.3% during the fourth quarter. JPMorgan Chase & Co. now owns 149,020 shares of the financial services provider’s stock valued at $6,222,000 after buying an additional 31,930 shares in the last quarter. Norges Bank acquired a new position in shares of NexPoint Residential Trust in the fourth quarter worth about $1,127,000. Finally, Tidal Investments LLC purchased a new position in shares of NexPoint Residential Trust in the third quarter worth approximately $1,166,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NXRT. StockNews.com lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Jefferies Financial Group raised their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Truist Financial upped their price target on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Finally, Raymond James decreased their price objective on 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, NexPoint Residential Trust currently has a consensus rating of “Hold” and an average price target of $46.33.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT opened at $38.61 on Friday. The firm has a market cap of $983.32 million, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.34 and a beta of 1.17. NexPoint Residential Trust, Inc. has a 1 year low of $30.62 and a 1 year high of $48.37. 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 business has a fifty day simple moving average of $39.68 and a 200 day simple moving average of $42.14.

NexPoint Residential Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -20,400.00%.

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.