NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,645 shares of the financial services provider’s stock after selling 1,425 shares during the quarter. Inspire Investing LLC’s holdings in NexPoint Residential Trust were worth $403,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new stake in NexPoint Residential Trust during the third quarter valued at $27,000. Point72 DIFC Ltd acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at about $32,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NexPoint Residential Trust by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 232 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in NexPoint Residential Trust in the 3rd quarter worth about $42,000. Finally, Quest Partners LLC boosted its position in NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,048 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXRT has been the subject of several research analyst reports. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, October 21st. StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.00.

NexPoint Residential Trust Stock Up 1.7 %

NYSE NXRT opened at $38.68 on Friday. The business has a fifty day moving average price of $42.91 and a 200 day moving average price of $43.59. 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 company has a market cap of $982.70 million, a P/E ratio of 22.10, a P/E/G ratio of 2.31 and a beta of 1.42. NexPoint Residential Trust, Inc. has a one year low of $28.20 and a one year high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The business had revenue of $64.10 million during the quarter, compared to analyst estimates of $64.69 million. During the same quarter last year, the company earned $0.76 earnings per share. Research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.51 dividend. The ex-dividend date was Friday, December 13th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.27%. NexPoint Residential Trust’s dividend payout ratio is 116.57%.

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.