Narwhal Capital Management Trims Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Narwhal Capital Management cut its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,670 shares of the financial services provider’s stock after selling 14,419 shares during the period. Narwhal Capital Management owned 0.19% of NexPoint Residential Trust worth $1,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXRT. SG Americas Securities LLC raised its position in shares of NexPoint Residential Trust by 3.7% in the fourth quarter. SG Americas Securities LLC now owns 16,249 shares of the financial services provider’s stock worth $678,000 after buying an additional 579 shares in the last quarter. JPMorgan Chase & Co. increased its stake in NexPoint Residential Trust by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 117,090 shares of the financial services provider’s stock worth $5,153,000 after acquiring an additional 16,746 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of NexPoint Residential Trust by 164.0% in the 3rd quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock valued at $1,506,000 after acquiring an additional 21,660 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of NexPoint Residential Trust during the 3rd quarter valued at about $1,166,000. Finally, Geode Capital Management LLC grew its holdings in shares of 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 in 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 $38.68 on Monday. NexPoint Residential Trust, Inc. has a 1-year low of $28.20 and a 1-year high of $48.37. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The business has a 50 day moving average of $42.91 and a 200 day moving average of $43.63. The company has a market capitalization of $982.55 million, a price-to-earnings ratio of 22.10, a PEG ratio of 2.31 and a beta of 1.42.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The business had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same period last year, the company posted $0.76 EPS. On average, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.51 per share. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date was Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is 116.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, NexPoint Residential Trust has an average rating of “Moderate Buy” and a consensus price target of $49.00.

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.