StockNews.com cut shares of NexPoint Residential Trust (NYSE:NXRT - Free Report) from a hold rating to a sell rating in a report published on Saturday.
NexPoint Residential Trust Price Performance
NXRT traded down $0.98 on Friday, reaching $41.19. 102,806 shares of the company's stock were exchanged, compared to its average volume of 124,235. The stock has a market cap of $1.05 billion, a PE ratio of 23.53, a P/E/G ratio of 2.34 and a beta of 1.42. NexPoint Residential Trust has a twelve month low of $29.01 and a twelve month high of $48.37. The stock's fifty day moving average price is $39.95 and its 200-day moving average price is $43.12. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79.
NexPoint Residential Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 4.95%. NexPoint Residential Trust's payout ratio is presently -20,400.00%.
Hedge Funds Weigh In On NexPoint Residential Trust
Several institutional investors and hedge funds have recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new position in shares of NexPoint Residential Trust in the 3rd quarter worth approximately $27,000. Johnson Financial Group Inc. purchased a new stake in NexPoint Residential Trust during the 4th quarter worth approximately $35,000. Smartleaf Asset Management LLC increased its stake in NexPoint Residential Trust by 104.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock worth $37,000 after buying an additional 456 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of NexPoint Residential Trust by 34.7% in 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 last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of NexPoint Residential Trust in the 3rd quarter valued at approximately $42,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.
NexPoint Residential Trust Company Profile
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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.
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