Rhumbline Advisers trimmed its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT – Free Report) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 71,172 shares of the financial services provider’s stock after selling 3,645 shares during the period. Rhumbline Advisers’ holdings in NexPoint Residential Trust were worth $2,971,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of NexPoint Residential Trust by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 232 shares during the last quarter. Quantinno Capital Management LP lifted its position in NexPoint Residential Trust by 4.1% during the 3rd quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock worth $267,000 after buying an additional 240 shares in the last quarter. Van ECK Associates Corp grew its holdings in NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 336 shares during the last quarter. Creative Planning increased its position in NexPoint Residential Trust by 3.0% in the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 341 shares in the last quarter. Finally, QSV Equity Investors LLC raised its stake in shares of NexPoint Residential Trust by 1.1% in the third quarter. QSV Equity Investors LLC now owns 38,899 shares of the financial services provider’s stock worth $1,712,000 after acquiring an additional 426 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.
NexPoint Residential Trust Stock Performance
Shares of NexPoint Residential Trust stock opened at $42.61 on Friday. The firm has a fifty day moving average of $39.95 and a two-hundred day moving average of $43.15. 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 stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 2.34 and a beta of 1.42. NexPoint Residential Trust, Inc. has a 52 week low of $28.58 and a 52 week high of $48.37.
NexPoint Residential Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 4.79%. NexPoint Residential Trust’s dividend payout ratio is presently -20,400.00%.
Analyst Ratings Changes
Separately, StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.00.
Read Our Latest Report on NXRT
NexPoint Residential Trust Profile
(Free Report)
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.
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