Goldman Sachs Group Inc. Has $18.83 Million Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Goldman Sachs Group Inc. lowered its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 546,781 shares of the financial services provider’s stock after selling 59,759 shares during the quarter. Goldman Sachs Group Inc.’s holdings in NexPoint Residential Trust were worth $18,826,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SRS Capital Advisors Inc. raised its holdings in NexPoint Residential Trust by 176.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 903 shares of the financial services provider’s stock worth $31,000 after buying an additional 576 shares during the period. Van ECK Associates Corp raised its holdings in shares of NexPoint Residential Trust by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 520 shares during the period. Quest Partners LLC bought a new stake in NexPoint Residential Trust in the 4th quarter valued at $140,000. Federated Hermes Inc. boosted its stake in NexPoint Residential Trust by 12.3% in the 4th quarter. Federated Hermes Inc. now owns 8,059 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 884 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in NexPoint Residential Trust by 31.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,933 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 2,351 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

Insider Activity at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Brian Mitts sold 5,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $34.25, for a total value of $171,250.00. Following the completion of the sale, the insider now owns 66,947 shares in the company, valued at $2,292,934.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 12.96% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on NXRT shares. Truist Financial boosted their price target on NexPoint Residential Trust from $34.00 to $37.00 and gave the company a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $38.00 target price on shares of NexPoint Residential Trust in a research note on Tuesday, June 11th. Raymond James raised shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research note on Friday, May 24th. Finally, JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust has an average rating of “Hold” and an average price target of $37.75.

NexPoint Residential Trust Stock Performance

Shares of NYSE NXRT opened at $38.01 on Thursday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a 50 day moving average price of $35.94 and a 200 day moving average price of $33.23. The stock has a market capitalization of $975.72 million, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.13 and a beta of 1.33. NexPoint Residential Trust, Inc. has a 52 week low of $26.21 and a 52 week high of $49.87.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.4624 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Friday, June 14th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio is presently 65.37%.

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.