Peregrine Capital Management LLC Takes Position in NexPoint Residential Trust Inc (NYSE:NXRT)

Peregrine Capital Management LLC acquired a new stake in shares of NexPoint Residential Trust Inc (NYSE:NXRT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 145,666 shares of the financial services provider’s stock, valued at approximately $5,149,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXRT. First Trust Advisors LP raised its holdings in shares of NexPoint Residential Trust by 1.7% during the first quarter. First Trust Advisors LP now owns 42,037 shares of the financial services provider’s stock valued at $1,612,000 after purchasing an additional 695 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in NexPoint Residential Trust by 7.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 47,816 shares of the financial services provider’s stock valued at $1,833,000 after buying an additional 3,181 shares during the last quarter. Raymond James & Associates increased its holdings in NexPoint Residential Trust by 7.0% during the fourth quarter. Raymond James & Associates now owns 14,971 shares of the financial services provider’s stock valued at $674,000 after buying an additional 977 shares during the last quarter. UBS Group AG increased its holdings in NexPoint Residential Trust by 147.3% during the fourth quarter. UBS Group AG now owns 68,677 shares of the financial services provider’s stock valued at $3,091,000 after buying an additional 40,911 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in NexPoint Residential Trust by 9.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 24,045 shares of the financial services provider’s stock valued at $1,082,000 after buying an additional 2,126 shares during the last quarter. 80.28% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE NXRT opened at $38.23 on Friday. The firm has a fifty day moving average price of $34.97 and a 200-day moving average price of $36.81. The company has a debt-to-equity ratio of 3.49, a current ratio of 4.61 and a quick ratio of 4.61. The stock has a market cap of $928.95 million, a PE ratio of 7.20 and a beta of 1.04. NexPoint Residential Trust Inc has a 1 year low of $21.06 and a 1 year high of $52.87.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Thursday, May 7th. The financial services provider reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.49. NexPoint Residential Trust had a net margin of 68.44% and a return on equity of 34.85%. The firm had revenue of $52.60 million during the quarter, compared to analyst estimates of $52.97 million. On average, research analysts expect that NexPoint Residential Trust Inc will post 2.04 EPS for the current year.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Raymond James raised shares of NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and set a $37.00 target price for the company in a report on Monday, May 18th. Finally, ValuEngine cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $39.60.

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.

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Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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