Teacher Retirement System of Texas Has $929,000 Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Teacher Retirement System of Texas boosted its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 226.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,249 shares of the financial services provider's stock after acquiring an additional 15,425 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of NexPoint Residential Trust worth $929,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in shares of NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock worth $37,000 after purchasing an additional 456 shares in the last quarter. Quest Partners LLC grew its position in NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 1,048 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in NexPoint Residential Trust by 104.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,904 shares of the financial services provider's stock valued at $84,000 after buying an additional 973 shares during the period. Van ECK Associates Corp lifted its position in NexPoint Residential Trust by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock worth $177,000 after buying an additional 336 shares in the last quarter. Finally, IHT Wealth Management LLC purchased a new position in shares of NexPoint Residential Trust during the 3rd quarter valued at $232,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock traded up $0.21 during trading on Wednesday, reaching $40.71. The company had a trading volume of 106,318 shares, compared to its average volume of 129,635. The firm's 50 day simple moving average is $39.67 and its two-hundred day simple moving average is $42.17. NexPoint Residential Trust, Inc. has a one year low of $30.21 and a one year high of $48.37. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $1.04 billion, a PE ratio of 23.26, a PEG ratio of 2.34 and a beta of 1.17.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, March 14th. NexPoint Residential Trust's payout ratio is -20,400.00%.

Wall Street Analyst Weigh In

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

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.