NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,645 shares of the financial services provider’s stock after selling 1,425 shares during the quarter. Inspire Investing LLC’s holdings in NexPoint Residential Trust were worth $403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC grew its position in NexPoint Residential Trust by 160.3% in the third quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock worth $2,554,000 after acquiring an additional 35,741 shares during the period. Geode Capital Management LLC lifted its stake in shares of NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after purchasing an additional 2,740 shares during the last quarter. Franklin Resources Inc. increased its position in shares of NexPoint Residential Trust by 164.0% during the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock worth $1,506,000 after purchasing an additional 21,660 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in NexPoint Residential Trust by 23.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,348 shares of the financial services provider’s stock valued at $323,000 after buying an additional 1,393 shares during the period. Finally, Stifel Financial Corp lifted its position in NexPoint Residential Trust by 8.3% in the third quarter. Stifel Financial Corp now owns 54,646 shares of the financial services provider’s stock valued at $2,405,000 after buying an additional 4,189 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NXRT shares. StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, NexPoint Residential Trust has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

NexPoint Residential Trust Price Performance

Shares of NXRT opened at $38.68 on Friday. The company has a market cap of $982.70 million, a P/E ratio of 22.10, a PEG ratio of 2.31 and a beta of 1.42. NexPoint Residential Trust, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $48.37. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The firm’s 50 day moving average price is $42.91 and its 200 day moving average price is $43.59.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The company had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same period in the prior year, the company posted $0.76 EPS. On average, research analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Friday, December 13th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 116.57%.

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.