Brookwood Investment Group LLC Makes New Investment in NexPoint Residential Trust, Inc. $NXRT

Brookwood Investment Group LLC bought a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT) in the second quarter, Holdings Channel reports. The firm bought 7,524 shares of the financial services provider’s stock, valued at approximately $251,000.

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its position in shares of NexPoint Residential Trust by 83.3% in the first quarter. Teacher Retirement System of Texas now owns 40,790 shares of the financial services provider’s stock valued at $1,612,000 after purchasing an additional 18,541 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of NexPoint Residential Trust by 2.7% in the first quarter. Principal Financial Group Inc. now owns 120,512 shares of the financial services provider’s stock valued at $4,764,000 after purchasing an additional 3,207 shares in the last quarter. Northern Trust Corp grew its position in shares of NexPoint Residential Trust by 4.6% in the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock valued at $18,022,000 after purchasing an additional 19,927 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of NexPoint Residential Trust by 53.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,041 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 4,217 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of NexPoint Residential Trust by 63.9% in the first quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock valued at $13,056,000 after purchasing an additional 128,745 shares in the last quarter. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Price Performance

NYSE:NXRT opened at $31.23 on Wednesday. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a fifty day moving average of $32.41 and a 200 day moving average of $33.65. NexPoint Residential Trust, Inc. has a 52-week low of $29.93 and a 52-week high of $48.31. The firm has a market capitalization of $791.99 million, a price-to-earnings ratio of -15.93 and a beta of 1.08.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly 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). NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%.The firm had revenue of $63.10 million for the quarter, compared to the consensus estimate of $63.32 million. On average, research analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 6.8%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, December 15th. NexPoint Residential Trust’s dividend payout ratio is presently -104.08%.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, Director Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $30.92, for a total transaction of $154,600.00. Following the completion of the sale, the director owned 65,900 shares of the company’s stock, valued at $2,037,628. The trade was a 7.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Truist Financial dropped their price objective on NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Tuesday, August 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $40.88.

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.