NexPoint Residential Trust, Inc. $NXRT Holdings Cut by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 16.3% in the second quarter, Holdings Channel reports. The institutional investor owned 139,631 shares of the financial services provider’s stock after selling 27,291 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in NexPoint Residential Trust were worth $4,653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new stake in NexPoint Residential Trust in the 1st quarter worth approximately $53,000. Ameritas Advisory Services LLC purchased a new stake in NexPoint Residential Trust in the 2nd quarter worth approximately $47,000. Quantbot Technologies LP purchased a new stake in NexPoint Residential Trust in the 1st quarter worth approximately $56,000. Vestcor Inc purchased a new stake in NexPoint Residential Trust in the 1st quarter worth approximately $102,000. Finally, Strs Ohio purchased a new stake in NexPoint Residential Trust in the 1st quarter worth approximately $158,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Insider Buying and Selling at NexPoint Residential Trust

In other NexPoint Residential Trust news, Director Brian Mitts sold 5,000 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $30.92, for a total value of $154,600.00. Following the transaction, the director directly owned 65,900 shares in the company, valued at $2,037,628. The trade was a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Zacks Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Truist Financial dropped their target price on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $40.88.

NexPoint Residential Trust Stock Performance

NYSE:NXRT opened at $30.58 on Tuesday. The firm’s 50-day moving average is $32.43 and its 200-day moving average is $33.67. NexPoint Residential Trust, Inc. has a 52-week low of $29.98 and a 52-week high of $48.31. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market cap of $775.56 million, a price-to-earnings ratio of -15.60 and a beta of 1.08.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. The business had revenue of $63.10 million for the quarter, compared to analyst estimates of $63.32 million. Equities research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust 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.