Public Employees Retirement System of Ohio Has $1.39 Million Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Public Employees Retirement System of Ohio decreased its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,543 shares of the financial services provider’s stock after selling 808 shares during the period. Public Employees Retirement System of Ohio’s holdings in NexPoint Residential Trust were worth $1,388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NXRT. Long Pond Capital LP acquired a new position in NexPoint Residential Trust in the second quarter valued at $24,273,000. Foundry Partners LLC acquired a new position in NexPoint Residential Trust in the third quarter valued at $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NexPoint Residential Trust by 386.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock valued at $5,578,000 after buying an additional 100,714 shares during the period. Jane Street Group LLC lifted its holdings in NexPoint Residential Trust by 160.3% in the third quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after buying an additional 35,741 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in NexPoint Residential Trust by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock valued at $13,399,000 after buying an additional 23,888 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective 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 report on Thursday, December 12th. Truist Financial upped their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.83.

NexPoint Residential Trust Trading Down 4.9 %

Shares of NXRT stock opened at $42.47 on Thursday. NexPoint Residential Trust, Inc. has a 52-week low of $28.20 and a 52-week high of $48.37. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The company has a 50-day simple moving average of $44.88 and a two-hundred day simple moving average of $43.19. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.69 and a beta of 1.40.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data 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 firm had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period in the previous year, the company posted $0.76 earnings per share. Research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.78 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.80%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio is presently 105.71%.

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.