Nisa Investment Advisors LLC Grows Stock Position in NexPoint Residential Trust Inc (NYSE:NXRT)

Nisa Investment Advisors LLC boosted its stake in NexPoint Residential Trust Inc (NYSE:NXRT) by 13.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,814 shares of the financial services provider’s stock after acquiring an additional 914 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NexPoint Residential Trust were worth $323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in NexPoint Residential Trust by 11.6% in the 4th quarter. Northern Trust Corp now owns 248,753 shares of the financial services provider’s stock worth $8,719,000 after acquiring an additional 25,800 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 26,759 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $7,711,000 after buying an additional 54,374 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of NexPoint Residential Trust by 43.1% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 199,317 shares of the financial services provider’s stock valued at $7,642,000 after buying an additional 60,000 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of NexPoint Residential Trust by 37.6% during the 1st quarter. New York State Common Retirement Fund now owns 160,566 shares of the financial services provider’s stock valued at $6,156,000 after buying an additional 43,917 shares during the last quarter. Hedge funds and other institutional investors own 67.97% of the company’s stock.

NXRT stock opened at $43.29 on Tuesday. The company has a debt-to-equity ratio of 3.60, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 2.30 and a beta of 0.41. NexPoint Residential Trust Inc has a 12-month low of $30.90 and a 12-month high of $44.80. The firm’s 50 day moving average price is $41.98.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, September 12th. NexPoint Residential Trust’s dividend payout ratio is currently 58.51%.

Several equities analysts have recently commented on the company. Compass Point upgraded NexPoint Residential Trust from a “neutral” rating to a “buy” rating and set a $46.50 target price for the company in a research note on Wednesday, July 31st. Boenning Scattergood reiterated a “hold” rating on shares of NexPoint Residential Trust in a research note on Wednesday, May 1st. Raymond James upgraded NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $41.00 to $44.00 in a research note on Friday, May 3rd. LADENBURG THALM/SH SH increased their target price on NexPoint Residential Trust from $41.50 to $44.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, Zacks Investment Research cut NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. NexPoint Residential Trust currently has a consensus rating of “Buy” and a consensus target price of $43.08.

In other news, insider James D. Dondero purchased 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were acquired at an average cost of $41.19 per share, with a total value of $20,595,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 21.49% of the company’s stock.

About NexPoint Residential Trust

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

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