Strs Ohio Boosts Stock Position in NexPoint Residential Trust, Inc. $NXRT

by · The Cerbat Gem

Strs Ohio grew its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT – Free Report) by 877.5% in the second quarter, Holdings Channel.com reports. The firm owned 39,100 shares of the financial services provider’s stock after acquiring an additional 35,100 shares during the quarter. Strs Ohio’s holdings in NexPoint Residential Trust were worth $1,303,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Northern Trust Corp grew its position in NexPoint Residential Trust by 4.6% in the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock worth $18,022,000 after acquiring an additional 19,927 shares during the period. Charles Schwab Investment Management Inc. grew its position in NexPoint Residential Trust by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider’s stock worth $14,266,000 after acquiring an additional 22,367 shares during the period. Invesco Ltd. grew its position in NexPoint Residential Trust by 63.9% in the first quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock worth $13,056,000 after acquiring an additional 128,745 shares during the period. Millennium Management LLC grew its position in NexPoint Residential Trust by 15.6% in the first quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after acquiring an additional 44,391 shares during the period. Finally, BROOKFIELD Corp ON grew its position in NexPoint Residential Trust by 109.7% in the first quarter. BROOKFIELD Corp ON now owns 193,982 shares of the financial services provider’s stock worth $7,668,000 after acquiring an additional 101,459 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on NXRT

NexPoint Residential Trust Trading Up 1.2%

NXRT opened at $31.32 on Thursday. NexPoint Residential Trust, Inc. has a 52 week low of $29.93 and a 52 week high of $48.31. The business has a fifty day simple moving average of $32.13 and a 200-day simple moving average of $33.44. The firm has a market cap of $794.27 million, a P/E ratio of -16.31 and a beta of 1.09. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.55.

NexPoint Residential Trust (NYSE:NXRT – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. NexPoint Residential Trust had a negative return on equity of 13.32% and a negative net margin of 19.23%.The business had revenue of $62.83 million during the quarter, compared to analyst estimates of $63.04 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. On average, equities analysts expect that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.53 dividend. The ex-dividend date is Monday, December 15th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 6.8%. NexPoint Residential Trust’s payout ratio is -110.42%.

Insider Activity

In other news, Director Brian Mitts sold 5,000 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $30.52, for a total value of $152,600.00. Following the sale, the director directly owned 60,900 shares in the company, valued at approximately $1,858,668. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.36% of the company’s stock.

About NexPoint Residential Trust

(Free Report)

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.

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