UBS Group AG lifted its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT – Free Report) by 44.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 115,555 shares of the financial services provider’s stock after purchasing an additional 35,683 shares during the period. UBS Group AG’s holdings in NexPoint Residential Trust were worth $3,478,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in NXRT. DigitalBridge Group Inc. acquired a new stake in shares of NexPoint Residential Trust during the 3rd quarter worth $7,443,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NexPoint Residential Trust by 436.3% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,258 shares of the financial services provider’s stock worth $4,004,000 after buying an additional 101,088 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter worth $3,046,000. Jane Street Group LLC acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter worth $3,410,000. Finally, Strs Ohio increased its holdings in shares of NexPoint Residential Trust by 202.8% during the 3rd quarter. Strs Ohio now owns 118,400 shares of the financial services provider’s stock worth $3,815,000 after buying an additional 79,300 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.
NexPoint Residential Trust Stock Up 0.0%
Shares of NexPoint Residential Trust stock opened at $29.75 on Monday. The company has a fifty day moving average price of $26.78 and a 200 day moving average price of $28.88. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 5.75. NexPoint Residential Trust, Inc. has a twelve month low of $23.79 and a twelve month high of $35.22. The stock has a market cap of $758.20 million, a price-to-earnings ratio of -23.42 and a beta of 1.20.
NexPoint Residential Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Monday, June 15th. NexPoint Residential Trust’s dividend payout ratio is presently -166.93%.
Analysts Set New Price Targets
A number of analysts have recently commented on NXRT shares. Raymond James Financial restated an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday, February 27th. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Tuesday, March 10th. Truist Financial decreased their price target on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Zacks Research cut shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and a consensus price target of $27.00.
Read Our Latest Stock Report on NexPoint Residential Trust
Insider Transactions at NexPoint Residential Trust
In other news, insider Matt Mcgraner acquired 2,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of $24.37 per share, with a total value of $48,740.00. Following the transaction, the insider directly owned 331,334 shares in the company, valued at approximately $8,074,609.58. This represents a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Richards acquired 2,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $26.34 per share, with a total value of $52,680.00. Following the completion of the transaction, the insider owned 28,186 shares in the company, valued at $742,419.24. The trade was a 7.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 8,700 shares of company stock valued at $223,777. 16.63% of the stock is currently owned by corporate insiders.
About NexPoint Residential Trust
NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.
The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.
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