Invesco Ltd. Buys 8,052 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Invesco Ltd. lifted its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,540 shares of the financial services provider's stock after acquiring an additional 8,052 shares during the period. Invesco Ltd. owned 0.79% of NexPoint Residential Trust worth $8,414,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC lifted its stake in shares of NexPoint Residential Trust by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider's stock valued at $37,982,000 after buying an additional 8,072 shares during the period. Geode Capital Management LLC grew its holdings in NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider's stock valued at $25,358,000 after buying an additional 2,740 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of NexPoint Residential Trust by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 338,512 shares of the financial services provider's stock valued at $14,133,000 after purchasing an additional 5,832 shares during the last quarter. Bank of New York Mellon Corp increased its stake in NexPoint Residential Trust by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 221,219 shares of the financial services provider's stock worth $9,236,000 after acquiring an additional 5,618 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in NexPoint Residential Trust by 14.7% during the fourth quarter. Russell Investments Group Ltd. now owns 198,678 shares of the financial services provider's stock worth $8,295,000 after buying an additional 25,441 shares during the period. Institutional investors and hedge funds own 76.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial boosted their price target on NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Jefferies Financial Group increased their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a report on Monday, March 10th. StockNews.com downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. Finally, Raymond James lowered their target price on NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating on the stock in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $46.33.

Insider Transactions at NexPoint Residential Trust

In other news, insider Paul Richards acquired 5,814 shares of NexPoint Residential Trust stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average price of $33.24 per share, with a total value of $193,257.36. Following the completion of the transaction, the insider now owns 18,493 shares in the company, valued at approximately $614,707.32. This trade represents a 45.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 15.36% of the stock is owned by insiders.

NexPoint Residential Trust Stock Down 0.3 %

NYSE:NXRT traded down $0.12 during trading hours on Friday, hitting $36.50. 88,182 shares of the company's stock traded hands, compared to its average volume of 131,810. The stock's fifty day moving average price is $38.12 and its two-hundred day moving average price is $41.04. The firm has a market cap of $931.99 million, a P/E ratio of 20.86, a P/E/G ratio of 2.34 and a beta of 1.18. 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 twelve month low of $30.98 and a twelve month high of $48.37.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.59%. NexPoint Residential Trust's dividend 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.