Victory Capital Management Inc. Buys 1,550 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Victory Capital Management Inc. raised its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRTFree Report) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,750 shares of the financial services provider’s stock after purchasing an additional 1,550 shares during the period. Victory Capital Management Inc. owned 0.09% of NexPoint Residential Trust worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Pasadena Private Wealth LLC purchased a new stake in NexPoint Residential Trust during the fourth quarter valued at $1,428,000. Strs Ohio lifted its position in NexPoint Residential Trust by 61.4% in the fourth quarter. Strs Ohio now owns 125,900 shares of the financial services provider’s stock worth $4,334,000 after buying an additional 47,900 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in NexPoint Residential Trust during the fourth quarter valued at $401,000. Federated Hermes Inc. raised its stake in shares of NexPoint Residential Trust by 12.3% in the fourth quarter. Federated Hermes Inc. now owns 8,059 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 884 shares during the period. Finally, AQR Capital Management LLC lifted its stake in NexPoint Residential Trust by 175.9% in the third quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock worth $5,263,000 after purchasing an additional 104,270 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on NexPoint Residential Trust

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Brian Mitts sold 5,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $34.25, for a total transaction of $171,250.00. Following the transaction, the insider now directly owns 66,947 shares of the company’s stock, valued at $2,292,934.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.96% of the company’s stock.

NexPoint Residential Trust Price Performance

NYSE:NXRT opened at $36.49 on Wednesday. NexPoint Residential Trust, Inc. has a one year low of $26.21 and a one year high of $49.87. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market cap of $936.70 million, a price-to-earnings ratio of 12.89, a PEG ratio of 1.10 and a beta of 1.25. The firm’s fifty day moving average is $32.82 and its two-hundred day moving average is $32.08.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.4624 dividend. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, June 14th. This represents a $1.85 dividend on an annualized basis and a yield of 5.07%. NexPoint Residential Trust’s payout ratio is presently 65.37%.

About NexPoint Residential Trust

(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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