Brookwood Investment Group LLC Makes New Investment in NexPoint Residential Trust, Inc. $NXRT

Brookwood Investment Group LLC purchased a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,524 shares of the financial services provider’s stock, valued at approximately $251,000.

Other large investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in shares of NexPoint Residential Trust in the first quarter valued at approximately $53,000. Ameritas Advisory Services LLC bought a new position in shares of NexPoint Residential Trust in the second quarter valued at approximately $47,000. Quantbot Technologies LP bought a new position in shares of NexPoint Residential Trust in the first quarter valued at approximately $56,000. Vestcor Inc bought a new position in shares of NexPoint Residential Trust in the first quarter valued at approximately $102,000. Finally, Strs Ohio bought a new position in shares of NexPoint Residential Trust in the first quarter valued at approximately $158,000. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock opened at $31.23 on Wednesday. The business’s fifty day simple moving average is $32.41 and its 200 day simple moving average is $33.65. The firm has a market capitalization of $791.99 million, a P/E ratio of -15.93 and a beta of 1.08. NexPoint Residential Trust, Inc. has a 12 month low of $29.93 and a 12 month high of $48.31. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22.

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

NexPoint Residential Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.53 dividend. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Monday, December 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is -104.08%.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, Director Brian Mitts sold 5,000 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $30.92, for a total value of $154,600.00. Following the completion of the sale, the director directly owned 65,900 shares of the company’s stock, valued at $2,037,628. This trade represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.