Thrivent Financial for Lutherans Sells 1,613 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Thrivent Financial for Lutherans lessened its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,356 shares of the financial services provider’s stock after selling 1,613 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NexPoint Residential Trust were worth $764,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD purchased a new stake in NexPoint Residential Trust in the first quarter worth approximately $212,000. Janus Henderson Group PLC boosted its stake in shares of NexPoint Residential Trust by 22.0% in the 1st quarter. Janus Henderson Group PLC now owns 12,352 shares of the financial services provider’s stock worth $397,000 after buying an additional 2,227 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of NexPoint Residential Trust by 24.2% in the second quarter. SG Americas Securities LLC now owns 9,919 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 1,932 shares during the period. TCW Group Inc. increased its position in NexPoint Residential Trust by 24.4% during the second quarter. TCW Group Inc. now owns 63,826 shares of the financial services provider’s stock valued at $2,522,000 after acquiring an additional 12,509 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in NexPoint Residential Trust by 5.0% in the second quarter. Nisa Investment Advisors LLC now owns 11,169 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 528 shares during the period. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Stock Performance

NXRT opened at $46.76 on Wednesday. The firm has a market cap of $1.19 billion, a P/E ratio of 26.72, a PEG ratio of 2.80 and a beta of 1.40. NexPoint Residential Trust, Inc. has a 1-year low of $28.20 and a 1-year high of $48.37. The company has a 50 day simple moving average of $44.38 and a two-hundred day simple moving average of $42.52. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The business had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $64.69 million. During the same quarter in the previous year, the company posted $0.76 EPS. Equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is 105.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NXRT shares. Truist Financial upped their price target 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.83.

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.