Raymond James & Associates Purchases 4,260 Shares of NexPoint Residential Trust Inc (NXRT)

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Raymond James & Associates increased its position in shares of NexPoint Residential Trust Inc (NYSE:NXRT) by 7.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 60,261 shares of the financial services provider’s stock after buying an additional 4,260 shares during the quarter. Raymond James & Associates’ holdings in NexPoint Residential Trust were worth $1,714,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of NexPoint Residential Trust by 68.6% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the financial services provider’s stock worth $118,000 after buying an additional 1,944 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of NexPoint Residential Trust by 19.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 12,600 shares of the financial services provider’s stock worth $313,000 after buying an additional 2,050 shares during the period. First Trust Advisors LP increased its stake in shares of NexPoint Residential Trust by 9.7% during the second quarter. First Trust Advisors LP now owns 23,648 shares of the financial services provider’s stock worth $673,000 after buying an additional 2,086 shares during the period. Northern Trust Corp increased its stake in shares of NexPoint Residential Trust by 1.1% during the first quarter. Northern Trust Corp now owns 207,590 shares of the financial services provider’s stock worth $5,157,000 after buying an additional 2,243 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of NexPoint Residential Trust during the second quarter worth approximately $214,000. Hedge funds and other institutional investors own 61.99% of the company’s stock.

A number of analysts recently weighed in on the stock. TheStreet lowered shares of NexPoint Residential Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, June 19th. B. Riley increased their price target on shares of NexPoint Residential Trust from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. ValuEngine upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, July 5th. Finally, Boenning Scattergood assumed coverage on shares of NexPoint Residential Trust in a research note on Monday, September 17th. They issued an “outperform” rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $32.40.

Shares of NexPoint Residential Trust stock opened at $33.38 on Friday. The company has a market capitalization of $688.81 million, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.79 and a beta of 0.81. NexPoint Residential Trust Inc has a 52 week low of $23.03 and a 52 week high of $34.62. The company has a debt-to-equity ratio of 3.24, a quick ratio of 2.77 and a current ratio of 2.77.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, July 31st. The financial services provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.49). The company had revenue of $35.66 million during the quarter, compared to analysts’ expectations of $35.53 million. NexPoint Residential Trust had a net margin of 40.64% and a return on equity of 23.89%. Analysts anticipate that NexPoint Residential Trust Inc will post 1.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.00 annualized dividend and a yield of 3.00%. NexPoint Residential Trust’s dividend payout ratio is currently 85.47%.

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.

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Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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