New York State Common Retirement Fund Increases Position in NexPoint Residential Trust Inc (NXRT)

New York State Common Retirement Fund boosted its stake in NexPoint Residential Trust Inc (NASDAQ:NXRT) by 30.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,968 shares of the company’s stock after acquiring an additional 5,323 shares during the period. New York State Common Retirement Fund owned about 0.11% of NexPoint Residential Trust worth $572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NXRT. Chicago Equity Partners LLC acquired a new position in NexPoint Residential Trust in the second quarter valued at $209,000. Great West Life Assurance Co. Can increased its stake in NexPoint Residential Trust by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the company’s stock valued at $254,000 after purchasing an additional 29 shares during the period. American International Group Inc. increased its stake in NexPoint Residential Trust by 7.1% in the first quarter. American International Group Inc. now owns 11,059 shares of the company’s stock valued at $267,000 after purchasing an additional 731 shares during the period. Alliancebernstein L.P. increased its stake in NexPoint Residential Trust by 17.6% in the first quarter. Alliancebernstein L.P. now owns 14,930 shares of the company’s stock valued at $361,000 after purchasing an additional 2,230 shares during the period. Finally, Virginia Retirement Systems ET AL increased its stake in NexPoint Residential Trust by 7.6% in the second quarter. Virginia Retirement Systems ET AL now owns 15,500 shares of the company’s stock valued at $386,000 after purchasing an additional 1,100 shares during the period.

A number of research analysts have commented on the stock. Canaccord Genuity set a $28.00 price objective on shares of NexPoint Residential Trust and gave the company a “buy” rating in a research note on Tuesday, August 1st. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of NexPoint Residential Trust in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Zacks Investment Research lowered shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, B. Riley reiterated a “buy” rating and set a $28.00 price target (up from $27.00) on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. NexPoint Residential Trust presently has an average rating of “Hold” and a consensus target price of $27.75.

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In related news, insider James D. Dondero acquired 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were purchased at an average price of $23.37 per share, with a total value of $25,707.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) opened at $27.13 on Friday. NexPoint Residential Trust Inc has a fifty-two week low of $16.67 and a fifty-two week high of $27.86.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.69%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

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Institutional Ownership by Quarter for NexPoint Residential Trust (NASDAQ:NXRT)

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