NexPoint Residential Trust (NYSE:NXRT) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

NexPoint Residential Trust Trading Up 2.2 %

Shares of NYSE:NXRT opened at $42.61 on Friday. NexPoint Residential Trust has a 1 year low of $28.58 and a 1 year high of $48.37. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.34 and a beta of 1.42. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The business’s 50 day moving average price is $39.95 and its 200-day moving average price is $43.15.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.79%. The ex-dividend date is Friday, March 14th. NexPoint Residential Trust’s dividend payout ratio is currently -20,400.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Nexpoint Asset Management L.P. raised its stake in NexPoint Residential Trust by 100.0% in the 4th quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider’s stock valued at $65,245,000 after purchasing an additional 781,266 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of NexPoint Residential Trust by 0.9% in the 4th quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider’s stock worth $37,982,000 after acquiring an additional 8,072 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock worth $25,358,000 after acquiring an additional 2,740 shares during the last quarter. Northern Trust Corp increased its stake in shares of NexPoint Residential Trust by 18.6% in the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider’s stock worth $18,202,000 after acquiring an additional 68,471 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of NexPoint Residential Trust by 2.6% in the 4th quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider’s stock worth $15,929,000 after acquiring an additional 9,754 shares during the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Company 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.