Schnieders Capital Management LLC continued to hold its position in shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) during the second quarter, according to its most recent 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 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp purchased a new position in shares of NexPoint Residential Trust during the first quarter valued at about $215,000. American International Group Inc. boosted its position 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 valued at $267,000 after buying an additional 731 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of NexPoint Residential Trust during the first quarter valued at about $348,000. Alliancebernstein L.P. boosted its position 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 valued at $361,000 after buying an additional 2,230 shares in the last quarter. Finally, Menta Capital LLC purchased a new position in shares of NexPoint Residential Trust during the first quarter valued at about $468,000.
NexPoint Residential Trust Inc (NASDAQ NXRT) opened at 23.29 on Friday. NexPoint Residential Trust Inc has a 12-month low of $16.67 and a 12-month high of $26.10. The stock has a 50 day moving average price of $24.59 and a 200-day moving average price of $24.42. The firm has a market capitalization of $490.09 million and a PE ratio of 44.28.
NexPoint Residential Trust (NASDAQ:NXRT) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $35.23 million for the quarter, compared to analyst estimates of $35.95 million. During the same quarter last year, the company posted $0.37 EPS. NexPoint Residential Trust’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that NexPoint Residential Trust Inc will post ($0.13) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.78%.
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Several equities analysts recently issued reports on the company. Zacks Investment Research cut 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 NexPoint Residential Trust and gave the stock a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $25.75.
In other NexPoint Residential Trust news, insider James D. Dondero bought 2,000 shares of NexPoint Residential Trust stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $23.30 per share, for a total transaction of $46,600.00. Following the completion of the acquisition, the insider now directly owns 30,725 shares of the company’s stock, valued at $715,892.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James D. Dondero bought 12,600 shares of NexPoint Residential Trust stock in a transaction dated Monday, August 7th. The stock was acquired at an average price of $23.81 per share, with a total value of $300,006.00. Following the acquisition, 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. Insiders have bought a total of 56,500 shares of company stock valued at $1,363,938 in the last quarter.
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.
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