NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,678 shares of the financial services provider's stock after acquiring an additional 25,441 shares during the quarter. Russell Investments Group Ltd. owned 0.78% of NexPoint Residential Trust worth $8,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted 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 buying an additional 456 shares during the period. Meeder Asset Management Inc. boosted its holdings in NexPoint Residential Trust by 158.3% in the 4th quarter. Meeder Asset Management Inc. now owns 2,462 shares of the financial services provider's stock worth $103,000 after acquiring an additional 1,509 shares during the period. Van ECK Associates Corp boosted its holdings 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 acquiring an additional 336 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in NexPoint Residential Trust in the fourth quarter valued at approximately $211,000. Finally, abrdn plc raised its stake in shares of NexPoint Residential Trust by 30.6% during the fourth quarter. abrdn plc now owns 6,068 shares of the financial services provider's stock valued at $251,000 after purchasing an additional 1,423 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 up $0.07 during trading hours on Tuesday, reaching $35.77. 92,430 shares of the stock were exchanged, compared to its average volume of 132,986. The stock has a market capitalization of $913.22 million, a P/E ratio of 20.44, a P/E/G ratio of 2.34 and a beta of 1.18. The firm has a 50 day simple moving average of $38.80 and a 200-day simple moving average of $41.44. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a 52 week low of $30.73 and a 52 week high of $48.37.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.70%. The ex-dividend date was Friday, March 14th. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -20,400.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NXRT. Jefferies Financial Group raised their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a report on Monday, March 10th. Truist Financial lifted their target price 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. StockNews.com downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. Finally, Raymond James dropped their price objective on NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, NexPoint Residential Trust currently has an average rating of "Hold" and an average target price of $46.33.

Insiders Place Their Bets

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,814 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $33.24 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. 12.96% of the stock is currently owned by corporate insiders.

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.