1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new position in shares of NexPoint Residential Trust, Inc. ( NYSE:NXRT – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,043 shares of the financial services provider’s stock, valued at approximately $211,000.
Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NexPoint Residential Trust by 386.8% during the 3rd quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock worth $5,578,000 after purchasing an additional 100,714 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of 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 valued at $2,554,000 after purchasing an additional 35,741 shares during the period. Tidal Investments LLC purchased a new stake in NexPoint Residential Trust during the third quarter worth about $1,166,000. Franklin Resources Inc.
grew its position in NexPoint Residential Trust by 164.0% during the third quarter. Franklin Resources Inc.
now owns 34,865 shares of the financial services provider’s stock worth $1,506,000 after buying an additional 21,660 shares during the period. Finally, TCW Group Inc. increased its holdings in NexPoint Residential Trust by 34.
6% in the fourth quarter. TCW Group Inc. now owns 83,963 shares of the financial services provider’s stock valued at $3,505,000 after buying an additional 21,577 shares in the last quarter.
Institutional investors and hedge funds own 76.61% of the company’s stock. Analysts Set New Price Targets Several equities research analysts have recently commented on NXRT shares.
StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Jefferies Financial Group boosted their target price on NexPoint Residential Trust from $41.
00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Raymond James lowered 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, Truist Financial lifted their price target on NexPoint Residential Trust from $41.
00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock.
Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.33. NexPoint Residential Trust Stock Performance NexPoint Residential Trust stock opened at $33.
15 on Tuesday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.
79 and a current ratio of 1.79. NexPoint Residential Trust, Inc.
has a fifty-two week low of $30.73 and a fifty-two week high of $48.37.
The stock has a fifty day moving average of $39.50 and a two-hundred day moving average of $41.93.
The company has a market capitalization of $844.25 million, a price-to-earnings ratio of 18.94, a PEG ratio of 2.
34 and a beta of 1.18. NexPoint Residential Trust Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, March 31st.
Investors of record on Friday, March 14th were paid a $0.51 dividend. This represents a $2.
04 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend was Friday, March 14th.
NexPoint Residential Trust’s payout ratio is -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 Five stocks we like better than NexPoint Residential Trust Stock Average Calculator Options Activity Points to More Volatility for Palantir Stock What Are the FAANG Stocks and Are They Good Investments? NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance MicroStrategy Sees Insider Buy-Sell Action in Q1 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 ).
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