NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 60.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,814 shares of the financial services provider’s stock after purchasing an additional 3,334 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NexPoint Residential Trust were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. BOKF NA grew its holdings in NexPoint Residential Trust by 0.4% in the second quarter. BOKF NA now owns 177,320 shares of the financial services provider’s stock valued at $7,006,000 after purchasing an additional 741 shares during the period. Texas Permanent School Fund Corp grew its stake in NexPoint Residential Trust by 20.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 23,834 shares of the financial services provider’s stock valued at $942,000 after acquiring an additional 3,988 shares during the period. First Foundation Advisors grew its stake in NexPoint Residential Trust by 20.8% in the 2nd quarter. First Foundation Advisors now owns 16,221 shares of the financial services provider’s stock valued at $641,000 after acquiring an additional 2,794 shares during the period. Capital Square LLC increased its holdings in NexPoint Residential Trust by 5.2% in the 2nd quarter. Capital Square LLC now owns 12,735 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 627 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in NexPoint Residential Trust by 7.3% during the second quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 2.0 %

Shares of NYSE NXRT opened at $44.86 on Friday. The stock has a market cap of $1.15 billion, a PE ratio of 15.85, a P/E/G ratio of 1.36 and a beta of 1.38. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 2.96. NexPoint Residential Trust, Inc. has a 12-month low of $26.21 and a 12-month high of $48.37. The company has a 50-day moving average of $44.43 and a 200 day moving average of $38.05.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.29). NexPoint Residential Trust had a net margin of 32.93% and a return on equity of 17.69%. The company had revenue of $64.24 million during the quarter, compared to analysts’ expectations of $64.99 million. During the same quarter last year, the company earned $0.88 earnings per share. As a group, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.82 EPS for the current fiscal year.

NexPoint Residential Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.462 per share. The ex-dividend date is Friday, September 13th. This represents a $1.85 annualized dividend and a dividend yield of 4.12%. NexPoint Residential Trust’s dividend payout ratio is presently 65.37%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NXRT shares. Compass Point lifted their target price on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Truist Financial raised their price target on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. JMP Securities raised their target price on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Finally, Raymond James raised NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research note on Friday, May 24th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.20.

Insider Activity

In related news, insider Brian Mitts sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $39.40, for a total transaction of $78,800.00. Following the completion of the sale, the insider now directly owns 65,696 shares in the company, valued at $2,588,422.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 12.96% of the company’s stock.

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.