Stifel Financial Corp Grows Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Stifel Financial Corp boosted its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 8.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 54,646 shares of the financial services provider’s stock after purchasing an additional 4,189 shares during the period. Stifel Financial Corp’s holdings in NexPoint Residential Trust were worth $2,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NXRT. Mirae Asset Global Investments Co. Ltd. increased 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 purchasing an additional 232 shares during the period. Van ECK Associates Corp increased its position in NexPoint Residential Trust by 7.3% during the 2nd quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 236 shares during the period. Quantinno Capital Management LP raised its position in NexPoint Residential Trust by 4.1% in the third quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 240 shares in the last quarter. Creative Planning lifted its stake in shares of NexPoint Residential Trust by 3.0% in the third quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 341 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of NexPoint Residential Trust by 4.1% during the 2nd quarter. Federated Hermes Inc. now owns 9,094 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 359 shares during the period. 76.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NXRT. Deutsche Bank Aktiengesellschaft upped their price target on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Truist Financial upped their price target on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.83.

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock opened at $42.47 on Thursday. The firm has a market cap of $1.08 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40. 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 $44.88 and its 200-day simple moving average is $43.19. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results 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 firm had revenue of $64.10 million during the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.76 EPS. Equities 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. Shareholders of record on Friday, December 13th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a yield of 4.80%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 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.