CSM Advisors LLC Purchases 20,227 Shares of NexPoint Residential Trust, Inc. $NXRT

CSM Advisors LLC raised its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 13.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 168,423 shares of the financial services provider’s stock after purchasing an additional 20,227 shares during the period. CSM Advisors LLC’s holdings in NexPoint Residential Trust were worth $5,426,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NXRT. The Manufacturers Life Insurance Company increased its stake in shares of NexPoint Residential Trust by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 402 shares in the last quarter. Capital Square LLC boosted its stake in NexPoint Residential Trust by 2.8% during the second quarter. Capital Square LLC now owns 15,831 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 429 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in NexPoint Residential Trust by 3.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 488 shares in the last quarter. Van ECK Associates Corp grew its holdings in NexPoint Residential Trust by 10.8% in the third quarter. Van ECK Associates Corp now owns 5,472 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 535 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its holdings in NexPoint Residential Trust by 6.3% in the third quarter. Resona Asset Management Co. Ltd. now owns 9,686 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 571 shares during the period. Institutional investors own 76.61% of the company’s stock.

Insider Activity

In related news, Director Brian Mitts sold 24,296 shares of NexPoint Residential Trust stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $28.85, for a total value of $700,939.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Richards bought 2,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was acquired at an average cost of $26.34 per share, with a total value of $52,680.00. Following the transaction, the insider owned 28,186 shares in the company, valued at $742,419.24. The trade was a 7.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 5,000 shares of company stock valued at $133,000 over the last ninety days. 15.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Truist Financial cut their price target on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Tuesday, March 10th. Raymond James Financial reiterated an “underperform” rating on shares of NexPoint Residential Trust in a research note on Friday, February 27th. Finally, Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $37.83.

NexPoint Residential Trust Stock Performance

NXRT stock opened at $25.72 on Monday. The stock’s 50 day simple moving average is $29.59 and its 200 day simple moving average is $30.69. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 5.27. NexPoint Residential Trust, Inc. has a 12-month low of $25.47 and a 12-month high of $40.78. The stock has a market capitalization of $653.44 million, a PE ratio of -20.25 and a beta of 1.19.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.53 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.12 annualized dividend and a dividend yield of 8.2%. NexPoint Residential Trust’s payout ratio is currently -166.93%.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.