Nisa Investment Advisors LLC Sells 793 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Nisa Investment Advisors LLC lowered its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,786 shares of the financial services provider’s stock after selling 793 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NexPoint Residential Trust were worth $371,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of NexPoint Residential Trust by 332.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 844 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 649 shares in the last quarter. Quantbot Technologies LP bought a new stake in NexPoint Residential Trust during the 2nd quarter valued at $60,000. Acadian Asset Management LLC bought a new stake in NexPoint Residential Trust during the 1st quarter valued at $117,000. Captrust Financial Advisors bought a new stake in NexPoint Residential Trust during the 2nd quarter valued at $131,000. Finally, PNC Financial Services Group Inc. increased its stake in NexPoint Residential Trust by 65.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 873 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NXRT shares. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of NexPoint Residential Trust in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of NexPoint Residential Trust in a research note on Tuesday, January 30th. They set a “buy” rating and a $38.00 price target for the company. Truist Financial decreased their price target on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, April 9th. Finally, Raymond James lowered shares of NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.25.

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock opened at $31.34 on Friday. The business’s fifty day simple moving average is $30.59 and its 200 day simple moving average is $31.26. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.16. NexPoint Residential Trust, Inc. has a 12 month low of $26.21 and a 12 month high of $49.87. The firm has a market capitalization of $807.63 million, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 0.94 and a beta of 1.28.

NexPoint Residential Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.462 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is 110.12%.

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.