NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 19.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,941 shares of the financial services provider’s stock after selling 2,225 shares during the quarter. Inspire Investing LLC’s holdings in NexPoint Residential Trust were worth $353,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in NexPoint Residential Trust by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 302,269 shares of the financial services provider’s stock valued at $10,407,000 after buying an additional 8,959 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of NexPoint Residential Trust by 32.5% in the 4th quarter. BNP Paribas Financial Markets now owns 29,209 shares of the financial services provider’s stock valued at $1,006,000 after purchasing an additional 7,165 shares during the last quarter. Quest Partners LLC acquired a new stake in NexPoint Residential Trust in the 4th quarter worth approximately $140,000. Paralel Advisors LLC purchased a new stake in NexPoint Residential Trust during the 4th quarter worth approximately $1,139,000. Finally, Burford Brothers Inc. acquired a new position in NexPoint Residential Trust during the 4th quarter valued at approximately $855,000. 76.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling

In other NexPoint Residential Trust news, insider Brian Mitts sold 2,000 shares of NexPoint Residential Trust stock in a transaction on Friday, June 28th. The shares were sold at an average price of $39.40, for a total value of $78,800.00. Following the completion of the transaction, the insider now owns 65,696 shares of the company’s stock, valued at $2,588,422.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.96% of the stock is currently owned by insiders.

NexPoint Residential Trust Stock Performance

NYSE NXRT opened at $44.86 on Monday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 15.85, a PEG ratio of 1.36 and a beta of 1.38. The stock has a 50-day simple moving average of $44.43 and a two-hundred day simple moving average of $38.16. The company has a debt-to-equity ratio of 2.96, a quick ratio of 2.00 and a current ratio of 2.00. NexPoint Residential Trust, Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $64.99 million. During the same quarter in the prior year, the business posted $0.88 earnings per share. On average, equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.82 earnings per share for the current year.

NexPoint Residential Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.462 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio is currently 65.37%.

About NexPoint Residential Trust

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.