NexPoint Residential Trust Inc (NYSE:NXRT) Stock Holdings Trimmed by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its holdings in shares of NexPoint Residential Trust Inc (NYSE:NXRT) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,307 shares of the financial services provider’s stock after selling 670 shares during the period. WINTON GROUP Ltd’s holdings in NexPoint Residential Trust were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NXRT. Nordea Investment Management AB raised its stake in shares of NexPoint Residential Trust by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 33,600 shares of the financial services provider’s stock worth $1,177,000 after buying an additional 300 shares in the last quarter. First Trust Advisors LP raised its stake in shares of NexPoint Residential Trust by 1.7% in the 1st quarter. First Trust Advisors LP now owns 42,037 shares of the financial services provider’s stock worth $1,612,000 after buying an additional 695 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of NexPoint Residential Trust by 40.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,501 shares of the financial services provider’s stock worth $96,000 after buying an additional 718 shares in the last quarter. Raymond James & Associates raised its stake in shares of NexPoint Residential Trust by 6.0% in the 4th quarter. Raymond James & Associates now owns 13,029 shares of the financial services provider’s stock worth $457,000 after buying an additional 733 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of NexPoint Residential Trust by 32.2% in the 4th quarter. Legal & General Group Plc now owns 3,234 shares of the financial services provider’s stock worth $114,000 after buying an additional 788 shares in the last quarter. 67.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NexPoint Residential Trust stock traded up $0.22 on Friday, reaching $44.10. 101,034 shares of the company were exchanged, compared to its average volume of 71,925. The business has a fifty day simple moving average of $41.78. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.31 and a beta of 0.41. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.12 and a quick ratio of 2.88. NexPoint Residential Trust Inc has a fifty-two week low of $30.80 and a fifty-two week high of $44.80.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, July 30th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.54). NexPoint Residential Trust had a negative return on equity of 6.07% and a negative net margin of 10.21%. The company had revenue of $43.07 million for the quarter, compared to analyst estimates of $43.05 million. As a group, research analysts anticipate that NexPoint Residential Trust Inc will post 2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.49%. NexPoint Residential Trust’s dividend payout ratio is 58.51%.

In other NexPoint Residential Trust news, insider James D. Dondero purchased 500,000 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were acquired at an average price of $41.19 per share, for a total transaction of $20,595,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.49% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Thursday. Boenning Scattergood reissued a “hold” rating on shares of NexPoint Residential Trust in a research note on Wednesday, May 1st. LADENBURG THALM/SH SH boosted their price objective on NexPoint Residential Trust from $41.50 to $44.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Compass Point raised NexPoint Residential Trust from a “neutral” rating to a “buy” rating and set a $46.50 price objective on the stock in a research note on Wednesday. Finally, Raymond James raised NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $41.00 to $44.00 in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $43.08.

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.

See Also: Technical Analysis of Stocks and What It Means

Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.