Sei Investments Co. Acquires 631 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Sei Investments Co. increased its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 34,982 shares of the financial services provider’s stock after buying an additional 631 shares during the quarter. Sei Investments Co.’s holdings in NexPoint Residential Trust were worth $1,461,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NXRT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 acquiring an additional 100,714 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of NexPoint Residential Trust by 160.3% in the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock worth $2,554,000 after purchasing an additional 35,741 shares during the period. Tidal Investments LLC bought a new stake in shares of NexPoint Residential Trust in the 3rd quarter worth approximately $1,166,000. Franklin Resources Inc. lifted its stake in NexPoint Residential Trust by 164.0% in the third quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock valued at $1,506,000 after purchasing an additional 21,660 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in NexPoint Residential Trust by 34.6% during the fourth quarter. TCW Group Inc. now owns 83,963 shares of the financial services provider’s stock valued at $3,505,000 after purchasing an additional 21,577 shares during the period. Institutional investors own 76.61% of the company’s stock.

Analysts Set New Price Targets

NXRT has been the topic of several research reports. StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Raymond James lowered their price objective on NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, March 20th. Jefferies Financial Group upped their price objective on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a report on Monday, March 10th. Finally, Truist Financial lifted 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. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.33.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $35.64 on Monday. NexPoint Residential Trust, Inc. has a 52-week low of $30.73 and a 52-week high of $48.37. The stock’s 50-day simple moving average is $39.62 and its 200 day simple moving average is $42.02. 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 $907.61 million, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17.

NexPoint Residential Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date was Friday, March 14th. NexPoint Residential Trust’s payout ratio is -20,400.00%.

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.