NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,570 shares of the financial services provider’s stock after selling 626 shares during the period. Capital Investment Advisors LLC owned 0.07% of NexPoint Residential Trust worth $799,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in NexPoint Residential Trust by 4.2% in the first quarter. BlackRock Inc. now owns 4,381,659 shares of the financial services provider’s stock valued at $191,347,000 after acquiring an additional 178,358 shares during the last quarter. Vanguard Group Inc. raised its position in NexPoint Residential Trust by 1.1% in the third quarter. Vanguard Group Inc. now owns 2,784,482 shares of the financial services provider’s stock valued at $128,670,000 after purchasing an additional 29,122 shares during the period. State Street Corp raised its position in NexPoint Residential Trust by 0.8% in the first quarter. State Street Corp now owns 1,440,022 shares of the financial services provider’s stock valued at $62,886,000 after purchasing an additional 10,811 shares during the period. Copeland Capital Management LLC raised its position in NexPoint Residential Trust by 18.0% in the first quarter. Copeland Capital Management LLC now owns 1,241,425 shares of the financial services provider’s stock valued at $54,213,000 after purchasing an additional 189,165 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in NexPoint Residential Trust by 6.1% in the second quarter. Goldman Sachs Group Inc. now owns 732,549 shares of the financial services provider’s stock valued at $45,792,000 after purchasing an additional 42,027 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Trading Down 1.8 %

Shares of NXRT stock opened at $35.13 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 3.41. The firm has a fifty day moving average price of $39.85 and a 200 day moving average price of $42.13. NexPoint Residential Trust, Inc. has a 12 month low of $35.09 and a 12 month high of $52.83.

NexPoint Residential Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.42 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.68 annualized dividend and a yield of 4.78%. NexPoint Residential Trust’s dividend payout ratio is presently -988.18%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NXRT shares. JMP Securities cut their target price on NexPoint Residential Trust from $70.00 to $55.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 26th. StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.00.

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.