Nomura Asset Management Co. Ltd. Acquires 1,100 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Nomura Asset Management Co. Ltd. grew its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,530 shares of the financial services provider’s stock after acquiring an additional 1,100 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.11% of NexPoint Residential Trust worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Valley Wealth Managers Inc. acquired a new position in NexPoint Residential Trust during the 3rd quarter valued at $27,000. Point72 DIFC Ltd bought a new position in shares of NexPoint Residential Trust during the 2nd quarter worth about $32,000. Mirae Asset Global Investments Co. Ltd. raised its position 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 valued at $39,000 after buying an additional 232 shares during the last quarter. Signaturefd LLC lifted its stake in shares of NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock valued at $41,000 after buying an additional 732 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in NexPoint Residential Trust during the third quarter worth about $42,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 1.0 %

Shares of NYSE NXRT opened at $44.88 on Friday. NexPoint Residential Trust, Inc. has a 52-week low of $28.20 and a 52-week high of $48.37. 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 business has a fifty day moving average of $44.77 and a two-hundred day moving average of $43.01. The stock has a market cap of $1.14 billion, a PE ratio of 25.65, a PEG ratio of 2.75 and a beta of 1.40.

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 the consensus estimate of $0.66 by ($1.01). The firm had revenue of $64.10 million for 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 period in the prior year, the business earned $0.76 earnings per share. As a group, equities research analysts expect that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.55%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 105.71%.

Wall Street Analyst Weigh In

NXRT has been the subject of a number of research reports. StockNews.com upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Truist Financial raised their target price on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.83.

NexPoint Residential Trust Company 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.