NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,783 shares of the financial services provider’s stock after selling 2,644 shares during the period. State of New Jersey Common Pension Fund D owned 0.64% of NexPoint Residential Trust worth $6,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXRT. Creative Planning grew its stake in shares of NexPoint Residential Trust by 3.0% during the third quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 341 shares in the last quarter. Graybill Wealth Management LTD. boosted its stake in NexPoint Residential Trust by 1.1% in the third quarter. Graybill Wealth Management LTD. now owns 68,714 shares of the financial services provider’s stock valued at $3,024,000 after acquiring an additional 728 shares in the last quarter. Narwhal Capital Management boosted its stake in NexPoint Residential Trust by 8.3% in the third quarter. Narwhal Capital Management now owns 62,089 shares of the financial services provider’s stock valued at $2,733,000 after acquiring an additional 4,738 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 232 shares in the last quarter. Finally, abrdn plc acquired a new position in NexPoint Residential Trust in the third quarter valued at $204,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, NexPoint Residential Trust has an average rating of “Hold” and a consensus target price of $49.00.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT opened at $39.73 on Wednesday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.40 and a beta of 1.42. NexPoint Residential Trust, Inc. has a one year low of $28.20 and a one year high of $48.37. The company has a 50-day simple moving average of $40.71 and a 200-day simple moving average of $43.36. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79.

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.