Vanguard Group Inc. Cuts Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Vanguard Group Inc. trimmed its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,541,768 shares of the financial services provider's stock after selling 48,219 shares during the quarter. Vanguard Group Inc. owned 10.01% of NexPoint Residential Trust worth $106,119,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Copeland Capital Management LLC increased its position in shares of NexPoint Residential Trust by 0.9% during the 4th quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider's stock valued at $37,982,000 after purchasing an additional 8,072 shares during the last quarter. Geode Capital Management LLC increased its holdings in NexPoint Residential Trust by 0.5% during the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider's stock worth $25,358,000 after buying an additional 2,740 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in NexPoint Residential Trust by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 338,512 shares of the financial services provider's stock worth $14,133,000 after acquiring an additional 5,832 shares during the period. Bank of New York Mellon Corp boosted its stake in NexPoint Residential Trust by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 221,219 shares of the financial services provider's stock valued at $9,236,000 after acquiring an additional 5,618 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NexPoint Residential Trust by 386.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider's stock valued at $5,578,000 after acquiring an additional 100,714 shares during the period. 76.61% of the stock is currently owned by institutional investors.

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NexPoint Residential Trust Price Performance

NYSE:NXRT traded up $0.06 during trading hours on Friday, hitting $34.67. 161,585 shares of the company's stock traded hands, compared to its average volume of 132,924. NexPoint Residential Trust, Inc. has a 52 week low of $30.73 and a 52 week high of $48.37. The business's fifty day simple moving average is $38.88 and its two-hundred day simple moving average is $41.50. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The firm has a market cap of $885.37 million, a P/E ratio of 19.81, a P/E/G ratio of 2.34 and a beta of 1.18.

NexPoint Residential Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.88%. The ex-dividend date was Friday, March 14th. NexPoint Residential Trust's dividend payout ratio (DPR) is -20,400.00%.

Insider Buying and Selling

In other news, insider Paul Richards bought 5,814 shares of NexPoint Residential Trust stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average price of $33.24 per share, with a total value of $193,257.36. Following the completion of the purchase, the insider now directly owns 18,493 shares in the company, valued at $614,707.32. The trade was a 45.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 12.96% of the stock is owned by company insiders.

Analyst Ratings Changes

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

About NexPoint Residential Trust

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.