NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC boosted its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 909,758 shares of the financial services provider's stock after acquiring an additional 8,072 shares during the quarter. Copeland Capital Management LLC owned 3.58% of NexPoint Residential Trust worth $37,982,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NXRT. Valley Wealth Managers Inc. purchased a new stake in shares of NexPoint Residential Trust during the third quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider's stock worth $39,000 after buying an additional 232 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of NexPoint Residential Trust in the third quarter worth approximately $42,000. Quest Partners LLC boosted its stake in shares of NexPoint Residential Trust by 104,800.0% during the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider's stock worth $46,000 after acquiring an additional 1,048 shares during the last quarter. Finally, KBC Group NV grew its position in shares of NexPoint Residential Trust by 60.7% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the financial services provider's stock valued at $63,000 after acquiring an additional 538 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Price Performance

NXRT stock traded up $0.51 during trading on Wednesday, hitting $39.74. 23,469 shares of the company's stock traded hands, compared to its average volume of 95,070. The business has a fifty day simple moving average of $41.91 and a 200 day simple moving average of $43.56. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust, Inc. has a 52 week low of $28.20 and a 52 week high of $48.37. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.37 and a beta of 1.42.

Wall Street Analyst Weigh In

A number of brokerages have commented on NXRT. Raymond James upgraded NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 price target for the company in a research report on Monday, October 21st. StockNews.com downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $49.00.

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.