BNP Paribas Financial Markets Has $323,000 Stock Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

BNP Paribas Financial Markets boosted its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 23.4% during the third quarter, Holdings Channel reports. The fund owned 7,348 shares of the financial services provider’s stock after acquiring an additional 1,393 shares during the period. BNP Paribas Financial Markets’ holdings in NexPoint Residential Trust were worth $323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in shares of NexPoint Residential Trust by 10.5% during the second quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider’s stock worth $6,389,000 after purchasing an additional 15,400 shares in the last quarter. Long Pond Capital LP bought a new position in NexPoint Residential Trust in the 2nd quarter worth approximately $24,273,000. Algert Global LLC lifted its holdings in NexPoint Residential Trust by 17.2% during the 2nd quarter. Algert Global LLC now owns 86,003 shares of the financial services provider’s stock worth $3,398,000 after buying an additional 12,627 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in NexPoint Residential Trust by 50.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,812 shares of the financial services provider’s stock valued at $546,000 after buying an additional 4,608 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in NexPoint Residential Trust by 58.0% in the 3rd quarter. SG Americas Securities LLC now owns 15,670 shares of the financial services provider’s stock valued at $690,000 after buying an additional 5,751 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Ratings Changes

NXRT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Truist Financial upped 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 report on Tuesday, August 27th. Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, October 21st. Finally, StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.83.

NexPoint Residential Trust Trading Down 2.1 %

NYSE:NXRT opened at $44.88 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a 1-year low of $28.20 and a 1-year high of $48.37. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 2.75 and a beta of 1.40. The business’s 50-day moving average price is $44.77 and its two-hundred day moving average price is $43.07.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period last year, the company earned $0.76 earnings per share. On average, equities analysts expect 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. Shareholders of record on Friday, December 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 4.55%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 105.71%.

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.