NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management boosted its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 44.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,875 shares of the financial services provider’s stock after acquiring an additional 3,641 shares during the quarter. Picton Mahoney Asset Management’s holdings in NexPoint Residential Trust were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Copeland Capital Management LLC lifted its holdings in shares of NexPoint Residential Trust by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider’s stock worth $37,982,000 after purchasing an additional 8,072 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NexPoint Residential Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after acquiring an additional 2,740 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NexPoint Residential Trust by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 338,512 shares of the financial services provider’s stock worth $14,133,000 after acquiring an additional 5,832 shares during the period. Bank of New York Mellon Corp raised its holdings in NexPoint Residential Trust by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 221,219 shares of the financial services provider’s stock worth $9,236,000 after purchasing an additional 5,618 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in NexPoint Residential Trust in the third quarter valued at about $6,341,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $38.66 on Monday. NexPoint Residential Trust, Inc. has a 12-month low of $29.01 and a 12-month high of $48.37. The stock has a market cap of $984.57 million, a P/E ratio of 22.09, a PEG ratio of 2.34 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The company has a 50-day moving average of $39.64 and a two-hundred day moving average of $42.79.

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 given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.28%. NexPoint Residential Trust’s dividend payout ratio is currently -20,400.00%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NXRT shares. StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Jefferies Financial Group increased their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a report on Monday, March 10th. Finally, Truist Financial boosted their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $47.33.

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.