IHT Wealth Management LLC Invests $232,000 in NexPoint Residential Trust, Inc. (NYSE:NXRT)

IHT Wealth Management LLC acquired a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) during the 3rd quarter, Holdings Channel reports. The fund acquired 5,304 shares of the financial services provider’s stock, valued at approximately $232,000.

Several other large investors also recently added to or reduced their stakes in the stock. Long Pond Capital LP bought a new position in shares of NexPoint Residential Trust during the 2nd quarter valued at approximately $24,273,000. Dimensional Fund Advisors LP increased its position in NexPoint Residential Trust by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock valued at $13,399,000 after acquiring an additional 23,888 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NexPoint Residential Trust by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock valued at $14,641,000 after purchasing an additional 8,795 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in NexPoint Residential Trust by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 244,264 shares of the financial services provider’s stock valued at $9,651,000 after purchasing an additional 9,297 shares during the last quarter. Finally, BOKF NA grew its stake in shares of NexPoint Residential Trust by 0.4% during the second quarter. BOKF NA now owns 177,320 shares of the financial services provider’s stock valued at $7,006,000 after buying an additional 741 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Stock Down 1.5 %

Shares of NYSE NXRT opened at $45.70 on Wednesday. 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 stock has a market capitalization of $1.16 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.77 and a beta of 1.40. The stock’s fifty day simple moving average is $44.61 and its two-hundred day simple moving average is $42.87. NexPoint Residential Trust, Inc. has a 12-month low of $28.20 and a 12-month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The company had revenue of $64.10 million for the quarter, compared to the consensus estimate of $64.69 million. During the same period in the previous year, the business earned $0.76 EPS. As a group, analysts expect that NexPoint Residential Trust, Inc. will post 2.78 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The company also recently announced 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 represents a $2.04 annualized dividend and a yield of 4.46%. This is an increase 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 105.71%.

Analyst Ratings Changes

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

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.