JPMorgan Chase & Co. Acquires 16,746 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

JPMorgan Chase & Co. grew its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 16.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,090 shares of the financial services provider's stock after buying an additional 16,746 shares during the quarter. JPMorgan Chase & Co. owned 0.46% of NexPoint Residential Trust worth $5,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new position in NexPoint Residential Trust in the 3rd quarter worth about $27,000. Point72 DIFC Ltd bought a new stake in shares of NexPoint Residential Trust in the second quarter worth $32,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 232 shares during the period. Meeder Asset Management Inc. purchased a new stake in NexPoint Residential Trust during the third quarter valued at approximately $42,000. Finally, Quest Partners LLC increased its stake in shares of NexPoint Residential Trust by 104,800.0% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 76.61% of the company's stock.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT traded down $0.42 on Friday, reaching $39.19. The company's stock had a trading volume of 94,350 shares, compared to its average volume of 107,395. The company has a 50-day simple moving average of $43.61 and a 200 day simple moving average of $43.55. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $995.45 million, a P/E ratio of 22.39, a PEG ratio of 2.25 and a beta of 1.42. NexPoint Residential Trust, Inc. has a 52-week low of $28.20 and a 52-week high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). The company had revenue of $64.10 million for the quarter, compared to the consensus estimate of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same period in the previous year, the firm earned $0.76 earnings per share. As a group, equities research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.85 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from NexPoint Residential Trust's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 5.21%. NexPoint Residential Trust's dividend payout ratio (DPR) is currently 116.57%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Raymond James raised shares of NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research note on Monday, October 21st. StockNews.com raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $49.00.

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.