Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 35.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,941 shares of the financial services provider’s stock after acquiring an additional 3,139 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NexPoint Residential Trust were worth $499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NXRT. Quantinno Capital Management LP raised its stake in NexPoint Residential Trust by 4.1% in the 3rd 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 last quarter. Van ECK Associates Corp grew its holdings in shares of NexPoint Residential Trust by 8.6% during the fourth quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after buying an additional 336 shares in the last quarter. QSV Equity Investors LLC raised its position in shares of NexPoint Residential Trust by 1.1% in the third quarter. QSV Equity Investors LLC now owns 38,899 shares of the financial services provider’s stock valued at $1,712,000 after buying an additional 426 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock worth $37,000 after buying an additional 456 shares in the last quarter. Finally, 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 acquiring an additional 579 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Trading Up 1.1 %

Shares of NexPoint Residential Trust stock opened at $38.84 on Friday. The stock has a 50 day moving average of $39.60 and a 200 day moving average of $42.34. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $988.97 million, a price-to-earnings ratio of 22.19, a PEG ratio of 2.34 and a beta of 1.43. NexPoint Residential Trust, Inc. has a fifty-two week low of $30.21 and a fifty-two week high of $48.37.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Friday, March 14th. NexPoint Residential Trust’s payout ratio is -20,400.00%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NXRT shares. StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Truist Financial increased their price target on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a report on Monday, March 10th. Raymond James lowered their price objective on NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, March 20th. Finally, Jefferies Financial Group raised their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. One 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. According to MarketBeat.com, NexPoint Residential Trust presently has an average rating of “Hold” and an average target price of $46.33.

NexPoint Residential Trust Company 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.