Point72 DIFC Ltd Makes New $32,000 Investment in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Point72 DIFC Ltd purchased a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 800 shares of the financial services provider’s stock, valued at approximately $32,000.

Other large investors have also bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock valued at $41,000 after buying an additional 732 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of NexPoint Residential Trust by 7.3% in the second quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock valued at $137,000 after buying an additional 236 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of NexPoint Residential Trust in the second quarter valued at $201,000. Price T Rowe Associates Inc. MD bought a new position in shares of NexPoint Residential Trust in the first quarter valued at $212,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of NexPoint Residential Trust by 8.9% in the first quarter. Daiwa Securities Group Inc. now owns 7,436 shares of the financial services provider’s stock valued at $239,000 after buying an additional 610 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $43.40 on Monday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.35 and a beta of 1.38. 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 52 week low of $26.21 and a 52 week high of $48.37. The firm’s 50-day simple moving average is $44.78 and its two-hundred day simple moving average is $38.59.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.29). The company had revenue of $64.24 million during the quarter, compared to the consensus estimate of $64.99 million. NexPoint Residential Trust had a return on equity of 17.69% and a net margin of 32.93%. During the same period in the prior year, the firm posted $0.88 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.462 dividend. This represents a $1.85 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio is 65.37%.

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.