RMR Advisors LLC trimmed its stake in NexPoint Residential Trust Inc (NYSE:NXRT) by 16.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,102 shares of the financial services provider’s stock after selling 4,165 shares during the quarter. RMR Advisors LLC owned 0.09% of NexPoint Residential Trust worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Chartwell Investment Partners LLC acquired a new position in shares of NexPoint Residential Trust during the 1st quarter worth about $2,726,000. Deutsche Bank AG grew its position in shares of NexPoint Residential Trust by 70.3% during the 4th quarter. Deutsche Bank AG now owns 126,868 shares of the financial services provider’s stock worth $4,444,000 after buying an additional 52,376 shares during the period. Geode Capital Management LLC grew its position in shares of NexPoint Residential Trust by 32.8% during the 4th quarter. Geode Capital Management LLC now owns 220,022 shares of the financial services provider’s stock worth $7,711,000 after buying an additional 54,374 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of NexPoint Residential Trust by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 248,144 shares of the financial services provider’s stock valued at $8,697,000 after purchasing an additional 26,759 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of NexPoint Residential Trust by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 33,600 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 300 shares in the last quarter. 66.15% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. B. Riley lifted their price objective on NexPoint Residential Trust from $37.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Boenning Scattergood reiterated a “hold” rating on shares of NexPoint Residential Trust in a report on Wednesday, February 20th. Raymond James assumed coverage on NexPoint Residential Trust in a report on Wednesday, February 6th. They set an “outperform” rating and a $41.00 price objective on the stock. Finally, Zacks Investment Research upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Friday, February 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.20.
NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, February 19th. The financial services provider reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.67). The firm had revenue of $39.39 million during the quarter, compared to the consensus estimate of $38.75 million. NexPoint Residential Trust had a negative net margin of 1.09% and a negative return on equity of 0.63%. On average, research analysts expect that NexPoint Residential Trust Inc will post 1.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is 58.51%.
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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.
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