Proficio Capital Partners LLC Buys New Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Proficio Capital Partners LLC purchased a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,980 shares of the financial services provider's stock, valued at approximately $458,000.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of NexPoint Residential Trust by 104.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock valued at $37,000 after buying an additional 456 shares in the last quarter. Quest Partners LLC grew its holdings in shares of NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider's stock worth $46,000 after purchasing an additional 1,048 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of NexPoint Residential Trust by 104.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,904 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 973 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of NexPoint Residential Trust by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock valued at $177,000 after purchasing an additional 336 shares during the period. Finally, IHT Wealth Management LLC purchased a new position in NexPoint Residential Trust during the 3rd quarter worth approximately $232,000. 76.61% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NXRT shares. Truist Financial boosted their price objective on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Raymond James reduced their price objective on NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating for the company in a research note on Thursday, March 20th. StockNews.com cut shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. Finally, Jefferies Financial Group raised their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, NexPoint Residential Trust has an average rating of "Hold" and an average price target of $46.33.

NexPoint Residential Trust Price Performance

Shares of NXRT stock traded up $0.29 during mid-day trading on Friday, reaching $39.13. The stock had a trading volume of 106,037 shares, compared to its average volume of 130,001. The company has a market cap of $996.59 million, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a 12-month low of $30.21 and a 12-month high of $48.37. The business has a 50-day simple moving average of $39.60 and a 200 day simple moving average of $42.34.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.21%. NexPoint Residential Trust's dividend payout ratio is currently -20,400.00%.

About NexPoint Residential Trust

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.