Northern Trust Corp trimmed its position in NexPoint Residential Trust Inc (NYSE:NXRT) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 202,582 shares of the financial services provider’s stock after selling 5,008 shares during the quarter. Northern Trust Corp’s holdings in NexPoint Residential Trust were worth $5,764,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in NexPoint Residential Trust in the 2nd quarter valued at about $214,000. OMERS ADMINISTRATION Corp bought a new position in NexPoint Residential Trust in the 2nd quarter valued at about $233,000. California Public Employees Retirement System raised its holdings in NexPoint Residential Trust by 30.8% in the 2nd quarter. California Public Employees Retirement System now owns 18,963 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 4,463 shares during the period. Bank of America Corp DE raised its holdings in NexPoint Residential Trust by 65.3% in the 2nd quarter. Bank of America Corp DE now owns 20,695 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 8,174 shares during the period. Finally, First Trust Advisors LP raised its holdings in NexPoint Residential Trust by 9.7% in the 2nd quarter. First Trust Advisors LP now owns 23,648 shares of the financial services provider’s stock valued at $673,000 after acquiring an additional 2,086 shares during the period. 62.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NXRT opened at $34.70 on Monday. NexPoint Residential Trust Inc has a 12 month low of $23.03 and a 12 month high of $38.17. The company has a market cap of $721.66 million, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.88 and a beta of 0.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.83.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 30th. The financial services provider reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.69). The business had revenue of $36.50 million for the quarter, compared to the consensus estimate of $36.04 million. NexPoint Residential Trust had a negative return on equity of 0.49% and a negative net margin of 0.82%. As a group, equities analysts predict that NexPoint Residential Trust Inc will post 1.71 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be given a dividend of $0.275 per share. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.17%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 85.47%.

NXRT has been the topic of several recent research reports. Boenning Scattergood cut shares of NexPoint Residential Trust from an “outperform” rating to a “hold” rating in a report on Tuesday, October 30th. ValuEngine raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Saturday, November 3rd. Finally, B. Riley raised their target price on shares of NexPoint Residential Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $35.50.

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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.

Further Reading: Fundamental Analysis

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

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