895 Shares in NexPoint Residential Trust, Inc. (NYSE:NXRT) Acquired by Johnson Financial Group Inc.

Johnson Financial Group Inc. bought a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT) in the fourth quarter, HoldingsChannel.com reports. The fund bought 895 shares of the financial services provider’s stock, valued at approximately $35,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its holdings in shares of NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 456 shares during the period. Meeder Asset Management Inc. boosted its position in NexPoint Residential Trust by 158.3% in the fourth quarter. Meeder Asset Management Inc. now owns 2,462 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,509 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 336 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of NexPoint Residential Trust during the 4th quarter valued at about $211,000. Finally, abrdn plc lifted its stake in shares of NexPoint Residential Trust by 30.6% in the 4th quarter. abrdn plc now owns 6,068 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 1,423 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Trading Up 2.2 %

NexPoint Residential Trust stock opened at $37.43 on Wednesday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The firm’s 50 day moving average price is $38.04 and its 200-day moving average price is $40.97. NexPoint Residential Trust, Inc. has a 1 year low of $30.98 and a 1 year high of $48.37. The stock has a market cap of $955.74 million, a P/E ratio of 21.39, a PEG ratio of 2.34 and a beta of 1.18.

NexPoint Residential Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.45%. NexPoint Residential Trust’s payout ratio is currently -20,400.00%.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Paul Richards bought 5,814 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the completion of the transaction, the insider now owns 18,493 shares of the company’s stock, valued at approximately $614,707.32. This represents a 45.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 15.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NXRT. Raymond James cut their target price on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, March 20th. Truist Financial upped their price objective on 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 NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Finally, Jefferies Financial Group upped their price target on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.33.

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.