Picton Mahoney Asset Management Grows Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Picton Mahoney Asset Management boosted its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 44.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,875 shares of the financial services provider’s stock after buying an additional 3,641 shares during the period. Picton Mahoney Asset Management’s holdings in NexPoint Residential Trust were worth $496,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. KBC Group NV lifted its holdings in shares of NexPoint Residential Trust by 60.7% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 538 shares during the last quarter. Quest Partners LLC boosted its position in shares of 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 buying an additional 1,048 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of NexPoint Residential Trust in the third quarter valued at $42,000. Intech Investment Management LLC raised its holdings in shares of NexPoint Residential Trust by 38.3% in the 3rd quarter. Intech Investment Management LLC now owns 9,307 shares of the financial services provider’s stock valued at $410,000 after buying an additional 2,575 shares during the period. Finally, Foundry Partners LLC acquired a new position in NexPoint Residential Trust during the 3rd quarter worth about $6,341,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 0.1 %

Shares of NexPoint Residential Trust stock opened at $38.66 on Monday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a 52-week low of $29.01 and a 52-week high of $48.37. The company has a market capitalization of $984.57 million, a P/E ratio of 22.09, a P/E/G ratio of 2.34 and a beta of 1.43. The company has a 50 day moving average of $39.64 and a 200 day moving average of $42.79.

NexPoint Residential Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.28%. NexPoint Residential Trust’s payout ratio is currently -20,400.00%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NXRT shares. Truist Financial boosted their price target on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Finally, Jefferies Financial Group raised their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $47.33.

About NexPoint Residential Trust

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.