1 week Ago By ABMN Staff
KLP Kapitalforvaltning AS purchased a new stake in NexPoint Residential Trust, Inc. ( NYSE:NXRT – Free Report ) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 5,043 shares of the financial services provider’s stock, valued at approximately $211,000.
A number of other large investors also recently made changes to their positions in the business. Quantinno Capital Management LP grew its position in shares of NexPoint Residential Trust by 4.1% in the third quarter.
Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 240 shares during the period. Van ECK Associates Corp grew its holdings in NexPoint Residential Trust by 8.6% in the 4th quarter.
Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock valued at $177,000 after buying an additional 336 shares during the period. Smartleaf Asset Management LLC grew its holdings in NexPoint Residential Trust by 104.1% in the 4th quarter.
Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after buying an additional 456 shares during the period. SG Americas Securities LLC increased its stake in shares of NexPoint Residential Trust by 3.7% during the 4th quarter.
SG Americas Securities LLC now owns 16,249 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 579 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of NexPoint Residential Trust by 1.
8% during the 4th quarter. Sei Investments Co. now owns 34,982 shares of the financial services provider’s stock worth $1,461,000 after acquiring an additional 631 shares during the period.
Hedge funds and other institutional investors own 76.61% of the company’s stock. Wall Street Analysts Forecast Growth A number of equities research analysts recently issued reports on the stock.
Truist Financial boosted their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a report on Monday, March 10th.
Jefferies Financial Group upped their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Monday, March 10th.
Raymond James reduced their target price on NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, March 20th.
Finally, StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock.
Based on data from MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of “Hold” and a consensus target price of $46.33.
NexPoint Residential Trust Stock Down 7.1 % Shares of NYSE NXRT opened at $33.15 on Tuesday.
The stock has a fifty day moving average price of $39.50 and a 200 day moving average price of $41.93.
The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.
25. NexPoint Residential Trust, Inc. has a 12-month low of $30.
73 and a 12-month high of $48.37. The company has a market cap of $844.
25 million, a P/E ratio of 18.94, a P/E/G ratio of 2.34 and a beta of 1.
18. NexPoint Residential Trust Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.
51 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.
04 annualized dividend and a dividend yield of 6.15%. NexPoint Residential Trust’s payout ratio is currently -20,400.
00%. NexPoint Residential Trust Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding NXRT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NexPoint Residential Trust, Inc. ( NYSE:NXRT – Free Report ). 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.
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