NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Bought by Schnieders Capital Management LLC

Schnieders Capital Management LLC raised its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 74.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,525 shares of the financial services provider’s stock after acquiring an additional 4,900 shares during the quarter. Schnieders Capital Management LLC’s holdings in NexPoint Residential Trust were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Copeland Capital Management LLC lifted its stake in NexPoint Residential Trust by 7.8% during the third quarter. Copeland Capital Management LLC now owns 1,389,762 shares of the financial services provider’s stock valued at $44,723,000 after buying an additional 100,430 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NexPoint Residential Trust by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 293,310 shares of the financial services provider’s stock valued at $9,439,000 after buying an additional 6,292 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in NexPoint Residential Trust by 4.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 276,163 shares of the financial services provider’s stock valued at $8,887,000 after buying an additional 12,404 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in NexPoint Residential Trust by 2.0% during the third quarter. Peregrine Capital Management LLC now owns 271,972 shares of the financial services provider’s stock valued at $8,752,000 after buying an additional 5,410 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in NexPoint Residential Trust by 175.9% during the third quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock valued at $5,263,000 after buying an additional 104,270 shares in the last quarter. 76.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NXRT shares. Truist Financial reduced their price objective on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, April 9th. Raymond James downgraded NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a report on Monday, March 18th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on NexPoint Residential Trust in a report on Tuesday, January 30th. They issued a “buy” rating and a $38.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, NexPoint Residential Trust currently has an average rating of “Hold” and a consensus target price of $37.25.

NexPoint Residential Trust Stock Up 0.8 %

NYSE:NXRT traded up $0.28 during mid-day trading on Wednesday, reaching $33.30. The stock had a trading volume of 109,819 shares, compared to its average volume of 156,381. The business’s 50 day moving average is $30.73 and its 200 day moving average is $31.30. NexPoint Residential Trust, Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $49.87. The stock has a market cap of $858.31 million, a P/E ratio of 20.04, a PEG ratio of 0.99 and a beta of 1.28. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.59 and a quick ratio of 1.59.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.462 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.85 dividend on an annualized basis and a yield of 5.55%. NexPoint Residential Trust’s dividend payout ratio is currently 110.12%.

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.