New York State Teachers Retirement System Sells 1,300 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

New York State Teachers Retirement System lowered its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,847 shares of the financial services provider’s stock after selling 1,300 shares during the period. New York State Teachers Retirement System’s holdings in NexPoint Residential Trust were worth $1,497,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Foundry Partners LLC purchased a new stake in NexPoint Residential Trust during the third quarter valued at about $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 worth $5,578,000 after purchasing an additional 100,714 shares during the last quarter. Jane Street Group LLC grew its stake in shares of NexPoint Residential Trust by 160.3% in the third 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 last quarter. Tidal Investments LLC purchased a new stake in NexPoint Residential Trust in the third quarter worth about $1,166,000. Finally, Franklin Resources Inc. lifted its holdings 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 worth $1,506,000 after buying an additional 21,660 shares during the period. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust has an average rating of “Moderate Buy” and an average target price of $49.00.

NexPoint Residential Trust Trading Down 0.8 %

Shares of NexPoint Residential Trust stock opened at $38.80 on Friday. The company has a market capitalization of $985.52 million, a P/E ratio of 22.17, a P/E/G ratio of 2.34 and a beta of 1.42. 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 company has a fifty day moving average of $40.20 and a 200 day moving average of $43.24. NexPoint Residential Trust, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $48.37.

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.