Principal Financial Group Inc. Takes Position in NexPoint Residential Trust Inc (NXRT)

Principal Financial Group Inc. purchased a new stake in NexPoint Residential Trust Inc (NYSE:NXRT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,129 shares of the financial services provider’s stock, valued at approximately $1,161,000. Principal Financial Group Inc. owned about 0.14% of NexPoint Residential Trust at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of NexPoint Residential Trust by 8.5% in the fourth quarter. BlackRock Inc. now owns 1,421,768 shares of the financial services provider’s stock valued at $49,833,000 after purchasing an additional 111,613 shares during the last quarter. Boston Partners grew its position in shares of NexPoint Residential Trust by 32.2% in the fourth quarter. Boston Partners now owns 372,510 shares of the financial services provider’s stock valued at $13,056,000 after purchasing an additional 90,770 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of NexPoint Residential Trust by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 290,614 shares of the financial services provider’s stock valued at $9,648,000 after purchasing an additional 34,931 shares during the last quarter. Northern Trust Corp grew its position in shares of NexPoint Residential Trust by 11.6% in the fourth quarter. Northern Trust Corp now owns 248,753 shares of the financial services provider’s stock valued at $8,719,000 after purchasing an additional 25,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of NexPoint Residential Trust by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 248,144 shares of the financial services provider’s stock valued at $8,697,000 after purchasing an additional 26,759 shares during the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.

Shares of NXRT opened at $35.85 on Friday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 2.83. The company has a market cap of $847.60 million, a P/E ratio of 19.07, a PEG ratio of 2.18 and a beta of 0.56. NexPoint Residential Trust Inc has a 1 year low of $25.20 and a 1 year high of $40.23.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, February 19th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.67). The firm had revenue of $39.39 million for the quarter, compared to analysts’ expectations of $38.75 million. NexPoint Residential Trust had a negative net margin of 1.09% and a negative return on equity of 0.63%. On average, equities analysts predict that NexPoint Residential Trust Inc will post 1.84 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is 58.51%.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Raymond James assumed coverage on shares of NexPoint Residential Trust in a research report on Wednesday, February 6th. They issued an “outperform” rating and a $41.00 price target on the stock. B. Riley increased their price target on shares of NexPoint Residential Trust from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Finally, Boenning Scattergood reissued a “hold” rating on shares of NexPoint Residential Trust in a research note on Wednesday, February 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. NexPoint Residential Trust currently has an average rating of “Buy” and a consensus price target of $38.20.

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About NexPoint Residential Trust

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.

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

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