NexPoint Residential Trust Inc (NYSE:NXRT) Shares Sold by Bailard Inc.

Bailard Inc. lessened its holdings in NexPoint Residential Trust Inc (NYSE:NXRT) by 16.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,200 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. Bailard Inc.’s holdings in NexPoint Residential Trust were worth $290,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank boosted its holdings in NexPoint Residential Trust by 4.5% in the second quarter. Swiss National Bank now owns 35,109 shares of the financial services provider’s stock worth $1,454,000 after purchasing an additional 1,500 shares during the period. Stephens Inc. AR boosted its holdings in NexPoint Residential Trust by 2.9% in the second quarter. Stephens Inc. AR now owns 13,898 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 396 shares during the period. Cadence Capital Management LLC acquired a new position in NexPoint Residential Trust in the second quarter worth $2,467,000. Aperio Group LLC acquired a new position in NexPoint Residential Trust in the second quarter worth $91,000. Finally, Evercore Wealth Management LLC acquired a new position in NexPoint Residential Trust in the second quarter worth $207,000. 72.09% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. Compass Point raised shares of NexPoint Residential Trust from a “neutral” rating to a “buy” rating and set a $46.50 price objective for the company in a report on Wednesday, July 31st. Robert W. Baird began coverage on shares of NexPoint Residential Trust in a report on Friday, September 20th. They set an “outperform” rating and a $50.00 price target for the company. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a report on Wednesday, October 16th. SunTrust Banks began coverage on shares of NexPoint Residential Trust in a report on Tuesday, October 8th. They set a “hold” rating and a $45.00 price target for the company. Finally, ValuEngine downgraded shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.64.

Shares of NXRT opened at $48.39 on Wednesday. NexPoint Residential Trust Inc has a 1 year low of $32.28 and a 1 year high of $50.67. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.65 and a beta of 0.39. The company has a debt-to-equity ratio of 3.60, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a fifty day moving average of $47.53 and a 200-day moving average of $42.73.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.54). NexPoint Residential Trust had a negative net margin of 10.21% and a negative return on equity of 6.07%. The firm had revenue of $43.07 million for the quarter, compared to analyst estimates of $43.05 million. Analysts predict that NexPoint Residential Trust Inc will post 1.97 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, September 12th. NexPoint Residential Trust’s dividend payout ratio (DPR) is 58.51%.

NexPoint Residential Trust 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.

Further Reading: What is a Call Option?

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

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