NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Bought by Foundry Partners LLC

Foundry Partners LLC lifted its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 24.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 179,035 shares of the financial services provider's stock after purchasing an additional 34,956 shares during the quarter. Foundry Partners LLC owned about 0.70% of NexPoint Residential Trust worth $7,475,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NXRT. Quantinno Capital Management LP grew its stake in NexPoint Residential Trust by 4.1% during the third quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider's stock worth $267,000 after buying an additional 240 shares during the period. Van ECK Associates Corp lifted its holdings 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 valued at $177,000 after acquiring an additional 336 shares in the last quarter. QSV Equity Investors LLC boosted its position in NexPoint Residential Trust by 1.1% during the 3rd quarter. QSV Equity Investors LLC now owns 38,899 shares of the financial services provider's stock worth $1,712,000 after purchasing an additional 426 shares during the period. Smartleaf Asset Management LLC increased its holdings in 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 in the last quarter. Finally, SG Americas Securities LLC raised its position 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 purchasing an additional 579 shares during the period. Hedge funds and other institutional investors own 76.61% of the company's stock.

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NexPoint Residential Trust Stock Performance

NYSE NXRT traded down $0.21 during trading hours on Wednesday, reaching $32.24. The company's stock had a trading volume of 68,644 shares, compared to its average volume of 131,236. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The business has a 50-day simple moving average of $39.23 and a 200 day simple moving average of $41.78. NexPoint Residential Trust, Inc. has a 52 week low of $30.14 and a 52 week high of $48.37. The stock has a market cap of $821.13 million, a PE ratio of 18.33, a PEG ratio of 2.34 and a beta of 1.18.

NexPoint Residential Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 6.33%. The ex-dividend date was Friday, March 14th. NexPoint Residential Trust's dividend payout ratio (DPR) is -20,400.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Raymond James lowered their target price 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. Jefferies Financial Group increased their price objective on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Truist Financial boosted their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Finally, StockNews.com lowered shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, NexPoint Residential Trust currently has an average rating of "Hold" and a consensus price target of $46.33.

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.