Versor Investments LP Buys Shares of 6,900 NexPoint Residential Trust, Inc. (NYSE:NXRT)

Versor Investments LP purchased a new stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,900 shares of the financial services provider's stock, valued at approximately $288,000.

Other institutional investors have also recently bought and sold shares of the company. Copeland Capital Management LLC raised its holdings 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 in the last quarter. Geode Capital Management LLC grew its holdings in NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider's stock valued at $25,358,000 after buying an additional 2,740 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in NexPoint Residential Trust by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider's stock worth $14,641,000 after buying an additional 8,795 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of NexPoint Residential Trust by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 221,219 shares of the financial services provider's stock worth $9,236,000 after buying an additional 5,618 shares during the last quarter. Finally, Foundry Partners LLC bought a new stake in shares of NexPoint Residential Trust in the third quarter valued at approximately $6,341,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $49.00.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock traded up $0.26 during trading hours on Friday, hitting $40.69. 110,721 shares of the stock were exchanged, compared to its average volume of 122,925. NexPoint Residential Trust, Inc. has a 12 month low of $29.01 and a 12 month high of $48.37. The business's 50-day moving average is $39.87 and its two-hundred day moving average is $43.06. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $1.04 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.34 and a beta of 1.42.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Friday, March 14th. NexPoint Residential Trust's dividend payout ratio is currently -20,400.00%.

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.