Voya Investment Management LLC Decreases Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Voya Investment Management LLC trimmed its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,162 shares of the financial services provider’s stock after selling 493 shares during the period. Voya Investment Management LLC’s holdings in NexPoint Residential Trust were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp lifted its holdings in NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after buying an additional 336 shares during the last quarter. Capital Square LLC grew its position in shares of NexPoint Residential Trust by 2.9% in the 4th quarter. Capital Square LLC now owns 12,741 shares of the financial services provider’s stock valued at $493,000 after buying an additional 356 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of NexPoint Residential Trust by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider’s stock valued at $5,892,000 after buying an additional 364 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of NexPoint Residential Trust by 2.0% in the 4th quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider’s stock valued at $951,000 after buying an additional 439 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of NexPoint Residential Trust by 104.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after buying an additional 456 shares during the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Performance

NYSE NXRT opened at $37.23 on Monday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a 52-week low of $30.98 and a 52-week high of $48.37. The business’s 50-day moving average price is $37.54 and its 200 day moving average price is $40.58. The firm has a market cap of $941.36 million, a P/E ratio of 21.27, a P/E/G ratio of 2.34 and a beta of 1.14.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The firm had revenue of $63.22 million for the quarter, compared to analyst estimates of $63.29 million. On average, equities research analysts expect that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a yield of 5.48%. NexPoint Residential Trust’s payout ratio is currently -159.37%.

Insiders Place Their Bets

In other NexPoint Residential Trust news, insider Paul Richards purchased 5,814 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the completion of the purchase, the insider now directly owns 18,493 shares in the company, valued at $614,707.32. This represents a 45.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.