Peregrine Capital Management LLC Acquires Shares of 145,666 NexPoint Residential Trust Inc (NYSE:NXRT)

Peregrine Capital Management LLC acquired a new stake in NexPoint Residential Trust Inc (NYSE:NXRT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 145,666 shares of the financial services provider’s stock, valued at approximately $5,149,000. Peregrine Capital Management LLC owned about 0.60% of NexPoint Residential Trust as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NXRT. Ninety One SA PTY Ltd lifted its holdings in shares of NexPoint Residential Trust by 1.6% during the 1st quarter. Ninety One SA PTY Ltd now owns 28,320 shares of the financial services provider’s stock worth $714,000 after acquiring an additional 454 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of NexPoint Residential Trust by 44.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,550 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 478 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of NexPoint Residential Trust by 1.7% during the 1st quarter. First Trust Advisors LP now owns 42,037 shares of the financial services provider’s stock worth $1,612,000 after acquiring an additional 695 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of NexPoint Residential Trust by 1.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 49,751 shares of the financial services provider’s stock worth $1,759,000 after acquiring an additional 710 shares during the last quarter. Finally, Graybill Bartz & Assoc Ltd. lifted its holdings in shares of NexPoint Residential Trust by 0.7% during the 2nd quarter. Graybill Bartz & Assoc Ltd. now owns 102,872 shares of the financial services provider’s stock worth $3,637,000 after acquiring an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.

NXRT has been the topic of a number of analyst reports. Raymond James upgraded shares of NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research report on Monday, May 18th. ValuEngine cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 30th. Finally, Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. NexPoint Residential Trust currently has an average rating of “Buy” and a consensus price target of $39.60.

Shares of NYSE:NXRT opened at $38.23 on Friday. The company’s fifty day moving average is $34.97 and its 200 day moving average is $36.81. NexPoint Residential Trust Inc has a 52 week low of $21.06 and a 52 week high of $52.87. The stock has a market cap of $928.95 million, a PE ratio of 7.20 and a beta of 1.04. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 3.49.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.49. NexPoint Residential Trust had a net margin of 68.44% and a return on equity of 34.85%. The firm had revenue of $52.60 million for the quarter, compared to analysts’ expectations of $52.97 million. Sell-side analysts anticipate that NexPoint Residential Trust Inc will post 2.04 EPS for the current year.

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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