UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 386.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,755 shares of the financial services provider's stock after acquiring an additional 100,714 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.50% of NexPoint Residential Trust worth $5,578,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Valley Wealth Managers Inc. purchased a new stake in shares of NexPoint Residential Trust in the third quarter worth about $27,000. Point72 DIFC Ltd purchased a new stake in NexPoint Residential Trust during the second quarter worth $32,000. Mirae Asset Global Investments Co. Ltd. grew its position in 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 buying an additional 232 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of NexPoint Residential Trust in the third quarter worth about $42,000. Finally, Signaturefd LLC boosted its stake in shares of NexPoint Residential Trust by 238.4% during the 2nd quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider's stock worth $41,000 after acquiring an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company's stock.

NexPoint Residential Trust Trading Up 0.3 %

NYSE NXRT traded up $0.12 on Wednesday, reaching $45.82. 83,496 shares of the company were exchanged, compared to its average volume of 137,377. NexPoint Residential Trust, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $48.37. The stock has a market capitalization of $1.16 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.40. The business's fifty day moving average price is $44.67 and its 200 day moving average price is $42.89. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period in the prior year, the company posted $0.76 EPS. Analysts forecast that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.45%. This is a positive change from NexPoint Residential Trust's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust's dividend payout ratio is presently 105.71%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NXRT shares. Deutsche Bank Aktiengesellschaft upped their price target on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Raymond James upgraded NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a research report on Monday, October 21st. Truist Financial boosted their price target on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a "hold" rating in a report on Tuesday, August 27th. Finally, StockNews.com downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $46.83.

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.