Goldman Sachs Group Inc. raised its position in NexPoint Residential Trst (NYSE:NXRT) by 263.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,057 shares of the financial services provider’s stock after acquiring an additional 49,320 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.32% of NexPoint Residential Trst worth $1,902,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America increased its position in NexPoint Residential Trst by 12.6% in the fourth quarter. Teachers Insurance & Annuity Association of America now owns 19,294 shares of the financial services provider’s stock worth $539,000 after buying an additional 2,154 shares in the last quarter. California Public Employees Retirement System increased its position in NexPoint Residential Trst by 11.4% in the third quarter. California Public Employees Retirement System now owns 34,210 shares of the financial services provider’s stock worth $812,000 after buying an additional 3,510 shares in the last quarter. Tower Research Capital LLC TRC increased its position in NexPoint Residential Trst by 448.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,270 shares of the financial services provider’s stock worth $147,000 after buying an additional 4,309 shares in the last quarter. Swiss National Bank increased its position in NexPoint Residential Trst by 15.8% in the fourth quarter. Swiss National Bank now owns 32,309 shares of the financial services provider’s stock worth $903,000 after buying an additional 4,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in NexPoint Residential Trst by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 190,049 shares of the financial services provider’s stock worth $4,510,000 after buying an additional 4,589 shares in the last quarter. 59.70% of the stock is currently owned by institutional investors.

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Shares of NXRT opened at $26.45 on Tuesday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $546.08, a price-to-earnings ratio of 22.61 and a beta of 0.79. NexPoint Residential Trst has a 52 week low of $22.84 and a 52 week high of $29.40.

NexPoint Residential Trst (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. NexPoint Residential Trst had a return on equity of 23.02% and a net margin of 37.00%. The business had revenue of $34.90 million during the quarter, compared to analysts’ expectations of $36.28 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. research analysts anticipate that NexPoint Residential Trst will post 1.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Tuesday, March 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Monday, March 19th. NexPoint Residential Trst’s dividend payout ratio is currently 85.47%.

In other NexPoint Residential Trst news, insider James D. Dondero bought 18,700 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was purchased at an average price of $26.98 per share, for a total transaction of $504,526.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James D. Dondero bought 24,788 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were acquired at an average price of $27.23 per share, with a total value of $674,977.24. The disclosure for this purchase can be found here. Company insiders own 19.00% of the company’s stock.

A number of brokerages have commented on NXRT. ValuEngine upgraded NexPoint Residential Trst from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded NexPoint Residential Trst from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Saturday, January 6th. Finally, TheStreet upgraded NexPoint Residential Trst from a “d-” rating to a “c” rating in a research report on Monday, March 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.50.

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NexPoint Residential Trst 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.

Institutional Ownership by Quarter for NexPoint Residential Trst (NYSE:NXRT)

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