SRS Capital Advisors Inc. Has $31,000 Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

SRS Capital Advisors Inc. boosted its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 176.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 903 shares of the financial services provider’s stock after purchasing an additional 576 shares during the quarter. SRS Capital Advisors Inc.’s holdings in NexPoint Residential Trust were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NXRT. Van ECK Associates Corp boosted its position in shares of NexPoint Residential Trust by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider’s stock valued at $109,000 after buying an additional 520 shares during the last quarter. Jump Financial LLC bought a new stake in shares of NexPoint Residential Trust in the 3rd quarter worth $241,000. Federated Hermes Inc. grew its stake in shares of NexPoint Residential Trust by 12.3% in the 4th quarter. Federated Hermes Inc. now owns 8,059 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 884 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of NexPoint Residential Trust by 31.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,933 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of NexPoint Residential Trust during the third quarter valued at about $357,000. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $34.85 on Monday. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.66 and a quick ratio of 1.59. The firm has a market cap of $898.08 million, a PE ratio of 12.31, a PEG ratio of 1.05 and a beta of 1.25. NexPoint Residential Trust, Inc. has a 1 year low of $26.21 and a 1 year high of $49.87. The stock’s fifty day moving average price is $31.34 and its two-hundred day moving average price is $31.44.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.4624 per share. The ex-dividend date is Friday, June 14th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 5.31%. NexPoint Residential Trust’s dividend payout ratio is 65.37%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial decreased their price objective on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on NexPoint Residential Trust in a research report on Tuesday, January 30th. They issued a “buy” rating and a $38.00 price objective on the stock. Raymond James lowered NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, March 18th. Finally, JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.25.

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.