5,304 Shares in NexPoint Residential Trust, Inc. (NYSE:NXRT) Bought by IHT Wealth Management LLC

IHT Wealth Management LLC bought a new position in NexPoint Residential Trust, Inc. (NYSE:NXRT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,304 shares of the financial services provider’s stock, valued at approximately $232,000.

Other large investors have also made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new position in shares of NexPoint Residential Trust in the third quarter worth approximately $27,000. Point72 DIFC Ltd purchased a new stake in NexPoint Residential Trust during the second quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 valued at $39,000 after buying an additional 232 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in NexPoint Residential Trust during the third quarter valued at approximately $42,000. Finally, Signaturefd LLC raised its holdings in NexPoint Residential Trust by 238.4% in the 2nd quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 732 shares during the period. 76.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, October 21st. StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. Finally, Truist Financial raised their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.83.

NexPoint Residential Trust Trading Down 1.5 %

NexPoint Residential Trust stock opened at $45.70 on Wednesday. The stock has a market cap of $1.16 billion, a P/E ratio of 26.11, a PEG ratio of 2.77 and a beta of 1.40. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust, Inc. has a 1 year low of $28.20 and a 1 year high of $48.37. The firm’s 50 day moving average price is $44.61 and its 200-day moving average price is $42.87.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, equities analysts predict that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.51 dividend. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a yield of 4.46%. NexPoint Residential Trust’s payout ratio is presently 105.71%.

About NexPoint Residential Trust

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.