16,500 Shares in NexPoint Residential Trust Inc (NXRT) Purchased by Telemus Capital LLC

Telemus Capital LLC purchased a new position in NexPoint Residential Trust Inc (NYSE:NXRT) during the fourth quarter, HoldingsChannel reports. The fund purchased 16,500 shares of the financial services provider’s stock, valued at approximately $461,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its holdings in shares of NexPoint Residential Trust by 19.8% in the 2nd quarter. Renaissance Technologies LLC now owns 780,100 shares of the financial services provider’s stock worth $19,417,000 after acquiring an additional 129,000 shares during the period. State Street Corp grew its holdings in shares of NexPoint Residential Trust by 4.9% in the 2nd quarter. State Street Corp now owns 548,705 shares of the financial services provider’s stock worth $13,653,000 after acquiring an additional 25,552 shares during the period. Principal Financial Group Inc. grew its holdings in shares of NexPoint Residential Trust by 8.8% in the 3rd quarter. Principal Financial Group Inc. now owns 326,921 shares of the financial services provider’s stock worth $7,758,000 after acquiring an additional 26,487 shares during the period. Boston Partners grew its holdings in shares of NexPoint Residential Trust by 89.0% in the 3rd quarter. Boston Partners now owns 275,200 shares of the financial services provider’s stock worth $6,530,000 after acquiring an additional 129,600 shares during the period. Finally, Lyon Street Capital LLC grew its holdings in shares of NexPoint Residential Trust by 24.2% in the 3rd quarter. Lyon Street Capital LLC now owns 249,987 shares of the financial services provider’s stock worth $5,932,000 after acquiring an additional 48,629 shares during the period. Institutional investors and hedge funds own 56.33% of the company’s stock.

In related news, insider James D. Dondero bought 24,788 shares of NexPoint Residential Trust stock in a transaction that occurred on Monday, January 22nd. The shares were purchased at an average price of $27.23 per share, with a total value of $674,977.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James D. Dondero bought 18,700 shares of NexPoint Residential Trust stock in a transaction that occurred on Wednesday, January 17th. The stock was bought at an average cost of $26.98 per share, for a total transaction of $504,526.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 86,553 shares of company stock worth $2,360,392. 19.00% of the stock is owned by corporate insiders.

Shares of NexPoint Residential Trust Inc (NXRT) opened at $25.90 on Monday. NexPoint Residential Trust Inc has a 52 week low of $22.28 and a 52 week high of $29.40. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $545.43, a P/E ratio of 16.39, a P/E/G ratio of 3.08 and a beta of 0.72.

NXRT has been the topic of a number of research reports. Zacks Investment Research upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Saturday, January 6th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. B. Riley restated 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. FBR & Co restated a “buy” rating and issued a $27.00 price target on shares of NexPoint Residential Trust in a report on Thursday, October 26th. Finally, BidaskClub upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. NexPoint Residential Trust currently has an average rating of “Buy” and an average price target of $28.50.

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NexPoint Residential Trust 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.

Want to see what other hedge funds are holding NXRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexPoint Residential Trust Inc (NYSE:NXRT).

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

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