27,000 Shares in NexPoint Residential Trust, Inc. (NYSE:NXRT) Bought by Norges Bank

Norges Bank purchased a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,000 shares of the financial services provider's stock, valued at approximately $1,127,000. Norges Bank owned about 0.11% of NexPoint Residential Trust at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NXRT. Quantinno Capital Management LP boosted its holdings in shares of NexPoint Residential Trust by 4.1% in the third quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider's stock valued at $267,000 after buying an additional 240 shares during the period. Van ECK Associates Corp increased its stake in shares of NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock worth $177,000 after purchasing an additional 336 shares during the last quarter. Smartleaf Asset Management LLC raised 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 purchasing an additional 456 shares during the period. SG Americas Securities LLC raised its stake in NexPoint Residential Trust by 3.7% in the fourth quarter. SG Americas Securities LLC now owns 16,249 shares of the financial services provider's stock valued at $678,000 after buying an additional 579 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of NexPoint Residential Trust by 1.8% during the 4th quarter. Sei Investments Co. now owns 34,982 shares of the financial services provider's stock worth $1,461,000 after acquiring an additional 631 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at NexPoint Residential Trust

In related news, insider Paul Richards acquired 5,814 shares of the company's stock in a transaction on Monday, April 7th. The shares were acquired at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the purchase, the insider now owns 18,493 shares in the company, valued at approximately $614,707.32. The trade was a 45.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.96% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

NexPoint Residential Trust Stock Up 0.2 %

NYSE:NXRT traded up $0.07 on Tuesday, hitting $35.77. The stock had a trading volume of 92,430 shares, compared to its average volume of 132,817. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a 52 week low of $30.73 and a 52 week high of $48.37. The business's fifty day moving average is $38.80 and its 200 day moving average is $41.44. The company has a market cap of $913.22 million, a PE ratio of 20.44, a P/E/G ratio of 2.34 and a beta of 1.18.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 5.70%. NexPoint Residential Trust's payout ratio is -20,400.00%.

NexPoint Residential Trust 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.