HighTower Advisors LLC Sells 313 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

HighTower Advisors LLC lessened its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,001 shares of the financial services provider’s stock after selling 313 shares during the period. HighTower Advisors LLC’s holdings in NexPoint Residential Trust were worth $501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Copeland Capital Management LLC grew its holdings in 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 worth $37,982,000 after acquiring an additional 8,072 shares during the period. Geode Capital Management LLC grew its stake in NexPoint Residential Trust by 0.5% during the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock worth $25,358,000 after purchasing an additional 2,740 shares during the period. Charles Schwab Investment Management Inc. grew its stake in NexPoint Residential Trust by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 338,512 shares of the financial services provider’s stock worth $14,133,000 after purchasing an additional 5,832 shares during the period. Bank of New York Mellon Corp increased its holdings in NexPoint Residential Trust by 2.6% in 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 purchasing an additional 5,618 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NexPoint Residential Trust by 386.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock valued at $5,578,000 after buying an additional 100,714 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NXRT. StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Truist Financial increased their target price on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Jefferies Financial Group lifted their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Monday, March 10th. Finally, Raymond James cut their price objective on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NexPoint Residential Trust has an average rating of “Hold” and an average price target of $46.33.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $39.13 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The firm has a fifty day simple moving average of $39.60 and a two-hundred day simple moving average of $42.26. NexPoint Residential Trust, Inc. has a 12 month low of $30.21 and a 12 month high of $48.37. The firm has a market capitalization of $996.59 million, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43.

NexPoint Residential Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.21%. NexPoint Residential Trust’s dividend payout ratio is presently -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.