Graybill Wealth Management LTD. Acquires 728 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Graybill Wealth Management LTD. boosted its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,714 shares of the financial services provider’s stock after acquiring an additional 728 shares during the quarter. Graybill Wealth Management LTD.’s holdings in NexPoint Residential Trust were worth $3,024,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in shares of NexPoint Residential Trust during the second quarter valued at $32,000. Signaturefd LLC lifted its holdings in NexPoint Residential Trust by 238.4% during the 2nd 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in NexPoint Residential Trust by 40.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,107 shares of the financial services provider’s stock valued at $123,000 after buying an additional 900 shares during the period. Van ECK Associates Corp grew its stake in NexPoint Residential Trust by 7.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 236 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in NexPoint Residential Trust in the 2nd quarter worth about $201,000. Institutional investors own 76.61% of the company’s stock.

Analysts Set New Price Targets

NXRT has been the subject of a number of research reports. Compass Point boosted their price target on NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. JMP Securities raised their target price on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Finally, 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 report on Tuesday, August 27th. 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 currently has an average rating of “Hold” and a consensus price target of $46.83.

NexPoint Residential Trust Trading Up 0.6 %

Shares of NexPoint Residential Trust stock traded up $0.26 during trading hours on Tuesday, hitting $44.31. The company’s stock had a trading volume of 4,086 shares, compared to its average volume of 141,335. The firm has a fifty day moving average of $44.76 and a 200-day moving average of $40.06. NexPoint Residential Trust, Inc. has a twelve month low of $26.21 and a twelve month high of $48.37. The company has a debt-to-equity ratio of 2.96, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.30 and a beta of 1.37.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.29). The firm had revenue of $64.24 million for the quarter, compared to analysts’ expectations of $64.99 million. NexPoint Residential Trust had a return on equity of 17.69% and a net margin of 32.93%. During the same quarter in the prior year, the business earned $0.88 earnings per share. Research analysts forecast that NexPoint Residential Trust, Inc. will post 2.82 EPS for the current year.

NexPoint Residential Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.462 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio is currently 65.37%.

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.