Hsbc Holdings PLC raised its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT – Free Report) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,951 shares of the financial services provider’s stock after buying an additional 21,981 shares during the period. Hsbc Holdings PLC owned about 0.30% of NexPoint Residential Trust worth $2,318,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of NexPoint Residential Trust by 5.7% during the 1st quarter. Royal Bank of Canada now owns 54,612 shares of the financial services provider’s stock worth $2,159,000 after acquiring an additional 2,942 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter worth about $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NexPoint Residential Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 573 shares during the last quarter. Millennium Management LLC lifted its stake in NexPoint Residential Trust by 15.6% during the first quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after purchasing an additional 44,391 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NexPoint Residential Trust by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,034 shares of the financial services provider’s stock worth $5,219,000 after purchasing an additional 7,217 shares during the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.
NexPoint Residential Trust Stock Performance
Shares of NexPoint Residential Trust stock opened at $28.37 on Tuesday. The firm’s fifty day simple moving average is $28.34 and its 200-day simple moving average is $28.37. The stock has a market capitalization of $723.15 million, a price-to-earnings ratio of -22.34 and a beta of 1.19. NexPoint Residential Trust, Inc. has a 12 month low of $23.79 and a 12 month high of $35.08. The company has a debt-to-equity ratio of 5.75, a current ratio of 2.40 and a quick ratio of 2.40.
NexPoint Residential Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, June 15th. NexPoint Residential Trust’s dividend payout ratio is presently -166.93%.
Wall Street Analyst Weigh In
Several equities analysts have commented on NXRT shares. Zacks Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Truist Financial dropped their target price on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday, March 10th. Finally, Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $27.00.
Check Out Our Latest Stock Report on NXRT
NexPoint Residential Trust Company Profile
NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.
The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.
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