Penserra Capital Management LLC Trims Stock Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Penserra Capital Management LLC decreased its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,639 shares of the financial services provider’s stock after selling 437 shares during the quarter. Penserra Capital Management LLC’s holdings in NexPoint Residential Trust were worth $732,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its stake in shares of NexPoint Residential Trust by 53.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,860 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 3,420 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in NexPoint Residential Trust by 1.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 47,286 shares of the financial services provider’s stock valued at $1,521,000 after purchasing an additional 477 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in NexPoint Residential Trust during the first quarter valued at about $212,000. Janus Henderson Group PLC increased its position in NexPoint Residential Trust by 22.0% in the first quarter. Janus Henderson Group PLC now owns 12,352 shares of the financial services provider’s stock worth $397,000 after buying an additional 2,227 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in NexPoint Residential Trust by 24.2% in the second quarter. SG Americas Securities LLC now owns 9,919 shares of the financial services provider’s stock worth $392,000 after buying an additional 1,932 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Trading Down 0.5 %

Shares of NXRT stock opened at $47.48 on Thursday. The stock’s 50-day moving average price is $44.20 and its 200-day moving average price is $42.13. NexPoint Residential Trust, Inc. has a 12-month low of $28.20 and a 12-month high of $48.37. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The firm had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period in the previous year, the firm earned $0.76 EPS. Equities research analysts predict that NexPoint Residential Trust, Inc. will post 2.78 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.51 dividend. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 105.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NXRT shares. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, October 21st. StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Compass Point raised their price objective on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JMP Securities lifted their target price on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Finally, Truist Financial upped their price target on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.83.

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.