Mitsubishi UFJ Asset Management Co. Ltd. Buys 2,417 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 16.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,733 shares of the financial services provider’s stock after purchasing an additional 2,417 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NexPoint Residential Trust were worth $661,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NexPoint Residential Trust by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock worth $531,000 after buying an additional 266 shares during the period. Capital Square LLC raised its holdings in shares of NexPoint Residential Trust by 2.9% in the fourth quarter. Capital Square LLC now owns 12,741 shares of the financial services provider’s stock worth $493,000 after buying an additional 356 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of NexPoint Residential Trust by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider’s stock worth $5,892,000 after buying an additional 364 shares during the period. Sterling Capital Management LLC raised its holdings in shares of NexPoint Residential Trust by 2.0% in the fourth quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider’s stock worth $951,000 after buying an additional 439 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in NexPoint Residential Trust by 1,732.4% during the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 589 shares during the period. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Stock Up 2.1%

Shares of NYSE NXRT opened at $31.74 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 4.22. The stock has a market capitalization of $804.93 million, a PE ratio of -16.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04. The stock’s fifty day simple moving average is $33.27 and its two-hundred day simple moving average is $36.20. NexPoint Residential Trust, Inc. has a 12-month low of $29.98 and a 12-month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $63.10 million for the quarter, compared to the consensus estimate of $63.32 million. NexPoint Residential Trust had a negative net margin of 19.55% and a negative return on equity of 12.54%. As a group, analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Monday, September 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is -104.08%.

Analyst Ratings Changes

Several research analysts have commented on NXRT shares. Wall Street Zen downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Sunday. Citizens Jmp downgraded NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Compass Point restated a “neutral” rating and set a $42.50 price objective (down from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. Truist Financial reduced their price objective on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, JMP Securities restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, NexPoint Residential Trust currently has an average rating of “Hold” and a consensus target price of $41.50.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards acquired 5,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average price of $32.92 per share, with a total value of $164,600.00. Following the transaction, the insider directly owned 24,689 shares of the company’s stock, valued at $812,761.88. This trade represents a 25.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 15.36% of the company’s stock.

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.