NexPoint Residential Trust, Inc. (NYSE:NXRT) Position Increased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,797 shares of the financial services provider’s stock after buying an additional 2,125 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of NexPoint Residential Trust worth $923,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC bought a new position in shares of NexPoint Residential Trust during the third quarter worth about $241,000. Allspring Global Investments Holdings LLC grew its position in NexPoint Residential Trust by 31.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,933 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 2,351 shares during the last quarter. Inspire Investing LLC bought a new position in NexPoint Residential Trust in the 3rd quarter worth about $357,000. Nisa Investment Advisors LLC increased its stake in shares of NexPoint Residential Trust by 4.4% in the third quarter. Nisa Investment Advisors LLC now owns 11,579 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 492 shares during the period. Finally, Capital Square LLC raised its holdings in shares of NexPoint Residential Trust by 13.3% during the fourth quarter. Capital Square LLC now owns 11,469 shares of the financial services provider’s stock valued at $395,000 after buying an additional 1,350 shares during the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Trading Down 1.4 %

Shares of NexPoint Residential Trust stock opened at $32.85 on Friday. The business has a fifty day simple moving average of $30.84 and a 200-day simple moving average of $31.33. The firm has a market cap of $846.54 million, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. NexPoint Residential Trust, Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $49.87. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.16.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.462 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is 110.12%.

Wall Street Analysts Forecast Growth

NXRT has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft began coverage on NexPoint Residential Trust in a report on Tuesday, January 30th. They set a “buy” rating and a $38.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. Finally, Raymond James cut shares of NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.25.

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.