6 days Ago By ABMN Staff
Norges Bank bought a new stake in NexPoint Residential Trust, Inc. ( NYSE:NXRT – Free Report ) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 27,000 shares of the financial services provider’s stock, valued at approximately $1,127,000.
Several other hedge funds have also bought and sold shares of NXRT. Quantinno Capital Management LP raised its stake in 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 buying an additional 240 shares during the period. Van ECK Associates Corp raised its stake 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 acquiring an additional 336 shares during the period. Smartleaf Asset Management LLC lifted its holdings in NexPoint Residential Trust by 104.1% during the 4th quarter.
Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 456 shares during the last quarter. SG Americas Securities LLC boosted its position in NexPoint Residential Trust by 3.7% during the fourth quarter.
SG Americas Securities LLC now owns 16,249 shares of the financial services provider’s stock worth $678,000 after purchasing an additional 579 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of NexPoint Residential Trust by 1.
8% in the fourth quarter. Sei Investments Co. now owns 34,982 shares of the financial services provider’s stock valued at $1,461,000 after purchasing an additional 631 shares during the last quarter.
76.61% of the stock is currently owned by institutional investors and hedge funds. Insider Activity In other news, insider Paul Richards bought 5,814 shares of the company’s stock in a transaction dated Monday, April 7th.
The stock was bought at an average cost of $33.24 per share, for a total transaction of $193,257.36.
Following the transaction, the insider now owns 18,493 shares of the company’s stock, valued at $614,707.32. This represents a 45.
86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Corporate insiders own 12.
96% of the company’s stock. Wall Street Analyst Weigh In View Our Latest Research Report on NXRT NexPoint Residential Trust Stock Up 0.2 % NYSE NXRT opened at $34.
67 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.
79 and a debt-to-equity ratio of 3.25. The company has a market cap of $883.
01 million, a price-to-earnings ratio of 19.81, a PEG ratio of 2.34 and a beta of 1.
18. The company has a 50 day moving average of $38.88 and a 200-day moving average of $41.
51. NexPoint Residential Trust, Inc. has a 1-year low of $30.
73 and a 1-year high of $48.37. NexPoint Residential Trust Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st.
Shareholders of record on Friday, March 14th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, March 14th.
This represents a $2.04 annualized dividend and a yield of 5.88%.
NexPoint Residential Trust’s dividend payout ratio is presently -20,400.00%. NexPoint Residential Trust 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.
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