Intech Investment Management LLC Has $410,000 Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Intech Investment Management LLC boosted its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 38.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,307 shares of the financial services provider’s stock after buying an additional 2,575 shares during the quarter. Intech Investment Management LLC’s holdings in NexPoint Residential Trust were worth $410,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NXRT. Valley Wealth Managers Inc. acquired a new position in shares of NexPoint Residential Trust in the 3rd quarter valued at $27,000. Point72 DIFC Ltd bought a new stake in NexPoint Residential Trust during the 2nd quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after buying an additional 232 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of NexPoint Residential Trust during the third quarter worth $42,000. Finally, Signaturefd LLC lifted its position in NexPoint Residential Trust by 238.4% in the 2nd quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 732 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, October 21st. Truist Financial upped their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Finally, StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.83.

NexPoint Residential Trust Trading Down 0.8 %

Shares of NXRT opened at $46.68 on Tuesday. NexPoint Residential Trust, Inc. has a 1-year low of $28.20 and a 1-year high of $48.37. The firm’s 50 day simple moving average is $44.35 and its 200 day simple moving average is $42.44. The company has a market capitalization of $1.19 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.82 and a beta of 1.37. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.01). The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same quarter last year, the company posted $0.76 earnings per share. Sell-side analysts forecast that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.37%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 105.71%.

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.