Proficio Capital Partners LLC Acquires New Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Proficio Capital Partners LLC bought a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,980 shares of the financial services provider’s stock, valued at approximately $458,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC grew its holdings in shares of NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,048 shares in the last quarter. Intech Investment Management LLC boosted its position in NexPoint Residential Trust by 38.3% during the 3rd quarter. Intech Investment Management LLC now owns 9,307 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 2,575 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NexPoint Residential Trust by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock worth $14,641,000 after acquiring an additional 8,795 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of NexPoint Residential Trust by 30.1% in the third quarter. The Manufacturers Life Insurance Company now owns 12,223 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 2,831 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of NexPoint Residential Trust by 4.9% in the third quarter. FMR LLC now owns 15,579 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 729 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NXRT. Raymond James decreased their target price on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, March 20th. Jefferies Financial Group raised their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a report on Monday, March 10th. Truist Financial upped their target price on NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Finally, StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of “Hold” and an average price target of $46.33.

NexPoint Residential Trust Stock Up 3.0 %

Shares of NXRT stock opened at $38.96 on Tuesday. NexPoint Residential Trust, Inc. has a 52-week low of $30.02 and a 52-week high of $48.37. The stock has a market cap of $992.10 million, a price-to-earnings ratio of 22.26, a PEG ratio of 2.34 and a beta of 1.43. The firm’s 50-day moving average is $39.64 and its 200-day moving average is $42.44. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 5.24%. NexPoint Residential Trust’s dividend payout ratio is -20,400.00%.

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.