Russell Investments Group Ltd. Has $5.24 Million Stake in NexPoint Residential Trust, Inc. (NXRT)

Russell Investments Group Ltd. lifted its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 109.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,919 shares of the financial services provider’s stock after buying an additional 115,368 shares during the quarter. Russell Investments Group Ltd. owned about 1.05% of NexPoint Residential Trust worth $5,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of NXRT. Chicago Equity Partners LLC acquired a new position in NexPoint Residential Trust during the 2nd quarter valued at $209,000. Great West Life Assurance Co. Can raised its stake in NexPoint Residential Trust by 0.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 29 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in NexPoint Residential Trust by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 385 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in NexPoint Residential Trust by 7.6% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 15,500 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in NexPoint Residential Trust by 15.1% during the 2nd quarter. Alliancebernstein L.P. now owns 17,190 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 2,260 shares during the last quarter. Institutional investors and hedge funds own 56.62% of the company’s stock.

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) traded down $0.25 during trading on Tuesday, reaching $27.54. 141,700 shares of the company’s stock traded hands, compared to its average volume of 78,467. The company has a market cap of $585.24, a price-to-earnings ratio of 17.59, a PEG ratio of 4.79 and a beta of 0.93. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72. NexPoint Residential Trust, Inc. has a 12-month low of $20.18 and a 12-month high of $29.28.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.63%. The ex-dividend date is Thursday, December 14th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.22. NexPoint Residential Trust’s payout ratio is 32.71%.

In other NexPoint Residential Trust news, insider James D. Dondero purchased 1,100 shares of the stock in a transaction on Tuesday, October 10th. The shares were purchased at an average price of $23.37 per share, with a total value of $25,707.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 19.00% of the company’s stock.

Several equities analysts recently commented on the stock. ValuEngine cut shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. B. Riley reissued a “buy” rating and issued a $28.00 price target (up previously from $27.00) on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Finally, Janney Montgomery Scott initiated coverage on shares of NexPoint Residential Trust in a report on Friday, September 8th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.75.

TRADEMARK VIOLATION WARNING: “Russell Investments Group Ltd. Has $5.24 Million Stake in NexPoint Residential Trust, Inc. (NXRT)” was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/12/12/russell-investments-group-ltd-has-5-24-million-stake-in-nexpoint-residential-trust-inc-nxrt.html.

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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Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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