6,900 Shares in NexPoint Residential Trust, Inc. (NYSE:NXRT) Purchased by Versor Investments LP

Versor Investments LP purchased a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,900 shares of the financial services provider’s stock, valued at approximately $288,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. purchased a new stake in shares of NexPoint Residential Trust during the 3rd quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NexPoint Residential Trust by 34.7% in the third 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 during the period. Meeder Asset Management Inc. acquired a new stake in shares of NexPoint Residential Trust during the third quarter valued at about $42,000. Quest Partners LLC raised its position in shares of NexPoint Residential Trust by 104,800.0% in the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,048 shares in the last quarter. Finally, KBC Group NV raised its holdings in NexPoint Residential Trust by 60.7% in the third quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 538 shares in the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Down 0.8 %

NXRT stock opened at $42.21 on Tuesday. NexPoint Residential Trust, Inc. has a fifty-two week low of $29.00 and a fifty-two week high of $48.37. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock has a market cap of $1.07 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.42. The firm’s 50-day simple moving average is $39.95 and its 200 day simple moving average is $43.14.

NexPoint Residential Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.83%. The ex-dividend date is Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio is currently -20,400.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.00.

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.