Principal Financial Group Inc. boosted its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 326,921 shares of the financial services provider’s stock after purchasing an additional 26,487 shares during the quarter. Principal Financial Group Inc. owned about 1.55% of NexPoint Residential Trust worth $7,758,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Equity Partners LLC bought a new stake in NexPoint Residential Trust during the 2nd quarter valued at $209,000. Great West Life Assurance Co. Can boosted its position in NexPoint Residential Trust by 0.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 29 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in NexPoint Residential Trust by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock valued at $369,000 after acquiring an additional 385 shares in the last quarter. Alliancebernstein L.P. boosted its position in NexPoint Residential Trust by 17.6% during the 1st quarter. Alliancebernstein L.P. now owns 14,930 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 2,230 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its position in NexPoint Residential Trust by 7.6% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 15,500 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors own 56.62% of the company’s stock.
NexPoint Residential Trust, Inc. (NYSE NXRT) traded up $0.19 during trading on Thursday, hitting $27.85. The stock had a trading volume of 51,800 shares, compared to its average volume of 78,488. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market cap of $582.50, a PE ratio of 17.51, a price-to-earnings-growth ratio of 4.77 and a beta of 0.93. NexPoint Residential Trust, Inc. has a 52-week low of $20.18 and a 52-week high of $29.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.25 dividend. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.59%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 32.71%.
Several brokerages have issued reports on NXRT. BidaskClub raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Janney Montgomery Scott began coverage on NexPoint Residential Trust in a research report on Friday, September 8th. They set a “neutral” rating on the stock. B. Riley increased their target price on NexPoint Residential Trust from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. Finally, FBR & Co began coverage on NexPoint Residential Trust in a research report on Thursday, October 26th. They set a “buy” rating and a $27.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.75.
In other NexPoint Residential Trust news, insider James D. Dondero acquired 1,100 shares of the stock in a transaction dated Tuesday, October 10th. The stock was purchased at an average price of $23.37 per share, with a total value of $25,707.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 19.00% of the stock is owned by company insiders.
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NexPoint Residential Trust Company Profile
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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