Schnieders Capital Management LLC continued to hold its position in NexPoint Residential Trust Inc (NASDAQ:NXRT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,850 shares of the company’s stock at the end of the second quarter. Schnieders Capital Management LLC owned 0.08% of NexPoint Residential Trust worth $395,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXRT. OMERS ADMINISTRATION Corp bought a new stake in shares of NexPoint Residential Trust during the first quarter worth $215,000. American International Group Inc. increased its stake in shares of NexPoint Residential Trust by 7.1% in the first quarter. American International Group Inc. now owns 11,059 shares of the company’s stock worth $267,000 after buying an additional 731 shares during the period. Virginia Retirement Systems ET AL bought a new stake in shares of NexPoint Residential Trust during the first quarter worth $348,000. Alliancebernstein L.P. increased its stake in shares of NexPoint Residential Trust by 17.6% in the first quarter. Alliancebernstein L.P. now owns 14,930 shares of the company’s stock worth $361,000 after buying an additional 2,230 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of NexPoint Residential Trust by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 20,762 shares of the company’s stock worth $464,000 after buying an additional 56 shares during the period.
NexPoint Residential Trust Inc (NASDAQ NXRT) traded down 1.86% during trading on Friday, hitting $23.20. 92,829 shares of the stock were exchanged. The stock has a market capitalization of $488.20 million and a price-to-earnings ratio of 44.11. The firm has a 50-day moving average of $24.85 and a 200-day moving average of $24.41. NexPoint Residential Trust Inc has a 52 week low of $16.67 and a 52 week high of $26.10.
NexPoint Residential Trust (NASDAQ:NXRT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. NexPoint Residential Trust had a net margin of 28.18% and a return on equity of 14.15%. The business had revenue of $35.23 million during the quarter, compared to analyst estimates of $35.95 million. During the same quarter last year, the company posted $0.37 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that NexPoint Residential Trust Inc will post ($0.13) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.88 annualized dividend and a yield of 3.79%.
A number of research firms have recently commented on NXRT. Zacks Investment Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of NexPoint Residential Trust in a report on Wednesday, August 2nd. Finally, Canaccord Genuity set a $28.00 price objective on shares of NexPoint Residential Trust and gave the stock a “buy” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $25.75.
In other news, insider James D. Dondero acquired 41,900 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $24.28 per share, with a total value of $1,017,332.00. Following the completion of the transaction, the insider now directly owns 5,202 shares of the company’s stock, valued at approximately $126,304.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James D. Dondero acquired 12,600 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average cost of $23.81 per share, with a total value of $300,006.00. Following the transaction, the insider now directly owns 5,202 shares of the company’s stock, valued at $123,859.62. The disclosure for this purchase can be found here.
About NexPoint Residential Trust
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
What are top analysts saying about NexPoint Residential Trust Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NexPoint Residential Trust Inc and related companies.