Nisa Investment Advisors LLC Sells 800 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Nisa Investment Advisors LLC reduced its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,995 shares of the financial services provider’s stock after selling 800 shares during the period. Nisa Investment Advisors LLC’s holdings in NexPoint Residential Trust were worth $376,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 232 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of NexPoint Residential Trust by 4.1% in the 3rd quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 240 shares during the period. Creative Planning boosted its stake in shares of NexPoint Residential Trust by 3.0% during the third quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 341 shares in the last quarter. QSV Equity Investors LLC increased its holdings in NexPoint Residential Trust by 1.1% during the third quarter. QSV Equity Investors LLC now owns 38,899 shares of the financial services provider’s stock valued at $1,712,000 after buying an additional 426 shares during the period. Finally, Van ECK Associates Corp raised its stake in NexPoint Residential Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 3,901 shares of the financial services provider’s stock worth $173,000 after buying an additional 428 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $38.79 on Thursday. NexPoint Residential Trust, Inc. has a 12-month low of $28.20 and a 12-month high of $48.37. The business’s fifty day simple moving average is $42.51 and its 200-day simple moving average is $43.59. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The company has a market cap of $985.29 million, a PE ratio of 22.16, a PEG ratio of 2.31 and a beta of 1.42.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.01). The business had revenue of $64.10 million for the quarter, compared to analyst estimates of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same period in the prior year, the company earned $0.76 earnings per share. Analysts expect that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NXRT shares. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

NexPoint Residential Trust 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.