UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 386.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,755 shares of the financial services provider’s stock after acquiring an additional 100,714 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NexPoint Residential Trust were worth $5,578,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in NXRT. Valley Wealth Managers Inc. purchased a new position in NexPoint Residential Trust in the 3rd quarter worth approximately $27,000. Point72 DIFC Ltd purchased a new position in NexPoint Residential Trust in the 2nd quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in NexPoint Residential Trust by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 232 shares during the last quarter. Signaturefd LLC raised its holdings 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 worth $41,000 after acquiring an additional 732 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in NexPoint Residential Trust in the 3rd quarter worth approximately $42,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Truist Financial boosted their target price 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 target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, October 21st. Finally, StockNews.com lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust presently has a consensus rating of “Hold” and an average target price of $46.83.

NexPoint Residential Trust Trading Down 1.5 %

Shares of NXRT stock opened at $45.70 on Wednesday. NexPoint Residential Trust, Inc. has a 1 year low of $28.20 and a 1 year high of $48.37. The firm has a fifty day moving average price of $44.61 and a 200-day moving average price of $42.87. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.77 and a beta of 1.40.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The business had revenue of $64.10 million for the quarter, compared to the consensus estimate of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same period in the previous year, the firm earned $0.76 EPS. As a group, equities analysts predict that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The company 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 represents a $2.04 annualized dividend and a yield of 4.46%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio is currently 105.71%.

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.