California Public Employees Retirement System Purchases 1,200 Shares of NexPoint Residential Trust, Inc. (NXRT)

California Public Employees Retirement System boosted its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,700 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the quarter. California Public Employees Retirement System owned about 0.15% of NexPoint Residential Trust worth $764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NXRT. Vanguard Group Inc. boosted its stake in NexPoint Residential Trust by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 2,015,961 shares of the financial services provider’s stock valued at $48,706,000 after purchasing an additional 134,077 shares during the period. Principal Financial Group Inc. lifted its position in shares of NexPoint Residential Trust by 44.7% during the 2nd quarter. Principal Financial Group Inc. now owns 300,434 shares of the financial services provider’s stock valued at $7,478,000 after acquiring an additional 92,818 shares during the period. Seizert Capital Partners LLC lifted its position in shares of NexPoint Residential Trust by 361.8% during the 2nd quarter. Seizert Capital Partners LLC now owns 118,244 shares of the financial services provider’s stock valued at $2,943,000 after acquiring an additional 92,639 shares during the period. Wellington Management Group LLP bought a new stake in shares of NexPoint Residential Trust during the 1st quarter valued at $1,492,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of NexPoint Residential Trust by 34.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 171,709 shares of the financial services provider’s stock valued at $4,148,000 after acquiring an additional 43,627 shares during the period. Institutional investors and hedge funds own 58.59% of the company’s stock.

In other NexPoint Residential Trust news, insider James D. Dondero purchased 1,100 shares of the stock in a transaction dated Tuesday, October 10th. The stock was bought at an average price of $23.37 per share, with a total value of $25,707.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 16.60% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on NXRT. Zacks Investment Research downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. B. Riley reiterated a “buy” rating and set a $28.00 target price (up from $27.00) on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. FBR & Co reiterated a “buy” rating and set a $27.00 target price on shares of NexPoint Residential Trust in a research report on Thursday, October 26th. Finally, BidaskClub upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.75.

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Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) opened at $28.57 on Friday. The firm has a market capitalization of $606.30, a price-to-earnings ratio of 18.22, a PEG ratio of 4.96 and a beta of 0.81. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.09. NexPoint Residential Trust, Inc. has a 1 year low of $19.17 and a 1 year high of $29.21.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.22. NexPoint Residential Trust’s payout ratio is 32.71%.

NexPoint Residential Trust Company Profile

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.

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

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