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Tidal Investments LLC Invests $1.17 Million in NexPoint Residential Trust, Inc. (NYSE:NXRT)

NexPoint Residential Trust logo with Finance background

Tidal Investments LLC acquired a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,483 shares of the financial services provider's stock, valued at approximately $1,166,000. Tidal Investments LLC owned 0.10% of NexPoint Residential Trust at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new position in NexPoint Residential Trust in the third quarter worth approximately $27,000. Point72 DIFC Ltd purchased a new stake in shares of NexPoint Residential Trust in the 2nd quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NexPoint Residential Trust by 34.7% during the third 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 in the last quarter. Meeder Asset Management Inc. purchased a new position in NexPoint Residential Trust during the third quarter valued at approximately $42,000. Finally, Signaturefd LLC raised its stake in NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider's stock worth $41,000 after buying an additional 732 shares in the last quarter. Institutional investors own 76.61% of the company's stock.

NexPoint Residential Trust Trading Up 2.1 %

NYSE:NXRT traded up $0.88 on Friday, reaching $42.52. The company's stock had a trading volume of 874,741 shares, compared to its average volume of 139,843. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40. NexPoint Residential Trust, Inc. has a 12-month low of $28.20 and a 12-month high of $48.37. The stock has a 50 day moving average price of $44.87 and a 200 day moving average price of $43.17. 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 (NYSE:NXRT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.01). The firm had revenue of $64.10 million during the quarter, compared to analysts' expectations of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, equities analysts anticipate that NexPoint Residential Trust, Inc. will post 2.78 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a yield of 4.80%. This is an increase from NexPoint Residential Trust's previous quarterly dividend of $0.46. NexPoint Residential Trust's payout ratio is currently 116.57%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NXRT shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. StockNews.com upgraded NexPoint Residential Trust from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. Truist Financial upped their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a "hold" rating in a research report on Tuesday, August 27th. Finally, Raymond James upgraded NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 price target on the stock in a research note on Monday, October 21st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $46.83.

View Our Latest Report on NexPoint Residential Trust

NexPoint Residential Trust Profile

(Free Report)

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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Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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