Versor Investments LP Makes New Investment in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Versor Investments LP acquired a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,900 shares of the financial services provider’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of NexPoint Residential Trust by 3.0% in the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after buying an additional 341 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of NexPoint Residential Trust by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 232 shares in the last quarter. abrdn plc acquired a new position in NexPoint Residential Trust during the third quarter worth approximately $204,000. Van ECK Associates Corp raised its position in NexPoint Residential Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,901 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 428 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of NexPoint Residential Trust during the third quarter worth about $290,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT opened at $42.21 on Tuesday. The business’s 50 day simple moving average is $39.95 and its 200-day simple moving average is $43.14. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.42. NexPoint Residential Trust, Inc. has a 12 month low of $29.00 and a 12 month high of $48.37.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 4.83%. NexPoint Residential Trust’s payout ratio is -20,400.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, NexPoint Residential Trust has a consensus rating of “Hold” and an average price target 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.