Cubist Systematic Strategies LLC Buys 4,608 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Cubist Systematic Strategies LLC grew its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 50.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,812 shares of the financial services provider’s stock after purchasing an additional 4,608 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.05% of NexPoint Residential Trust worth $546,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Burford Brothers Inc. purchased a new stake in NexPoint Residential Trust during the fourth quarter valued at $855,000. Dimensional Fund Advisors LP raised its position in shares of NexPoint Residential Trust by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock valued at $13,399,000 after buying an additional 23,888 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of NexPoint Residential Trust by 10.5% in the 2nd quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider’s stock valued at $6,389,000 after acquiring an additional 15,400 shares during the last quarter. TCW Group Inc. grew its position in NexPoint Residential Trust by 24.4% in the second quarter. TCW Group Inc. now owns 63,826 shares of the financial services provider’s stock worth $2,522,000 after acquiring an additional 12,509 shares in the last quarter. Finally, Pasadena Private Wealth LLC increased its stake in NexPoint Residential Trust by 26.1% during the first quarter. Pasadena Private Wealth LLC now owns 52,326 shares of the financial services provider’s stock worth $1,684,000 after acquiring an additional 10,837 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NXRT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Truist Financial lifted their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Compass Point increased their target price 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. Finally, JMP Securities lifted their price target on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.20.

NexPoint Residential Trust Trading Down 0.0 %

NYSE NXRT opened at $42.76 on Friday. The stock has a market cap of $1.10 billion, a PE ratio of 15.11, a PEG ratio of 1.35 and a beta of 1.37. NexPoint Residential Trust, Inc. has a 12 month low of $26.21 and a 12 month high of $48.37. The company’s 50-day moving average price is $44.82 and its 200-day moving average price is $38.99. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 2.96.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.29). NexPoint Residential Trust had a return on equity of 17.69% and a net margin of 32.93%. The company had revenue of $64.24 million during the quarter, compared to the consensus estimate of $64.99 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. Equities research analysts forecast that NexPoint Residential Trust, Inc. will post 2.82 earnings per share for the current year.

NexPoint Residential Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.462 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio is 65.37%.

About NexPoint Residential Trust

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.