State of Alaska Department of Revenue raised its holdings in shares of NexPoint Residential Trust Inc (NYSE:NXRT) by 18.7% during the 2nd quarter, Holdings Channel reports. The fund owned 7,279 shares of the financial services provider’s stock after purchasing an additional 1,145 shares during the period. State of Alaska Department of Revenue’s holdings in NexPoint Residential Trust were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Nordea Investment Management AB raised its stake in NexPoint Residential Trust by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 33,600 shares of the financial services provider’s stock valued at $1,177,000 after acquiring an additional 300 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in NexPoint Residential Trust by 8.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,023 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 616 shares in the last quarter. First Trust Advisors LP raised its stake in NexPoint Residential Trust by 1.7% during the 1st quarter. First Trust Advisors LP now owns 42,037 shares of the financial services provider’s stock valued at $1,612,000 after acquiring an additional 695 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in NexPoint Residential Trust by 40.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,501 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 718 shares in the last quarter. Finally, Raymond James & Associates raised its stake in NexPoint Residential Trust by 6.0% during the 4th quarter. Raymond James & Associates now owns 13,029 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 733 shares in the last quarter. 67.22% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider James D. Dondero acquired 500,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were bought at an average price of $41.19 per share, with a total value of $20,595,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 21.49% of the stock is currently owned by insiders.

Shares of NXRT traded up $0.45 during midday trading on Friday, reaching $42.51. The stock had a trading volume of 65,549 shares, compared to its average volume of 103,173. NexPoint Residential Trust Inc has a 52 week low of $27.48 and a 52 week high of $43.62. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 3.45. The firm has a 50 day moving average of $41.43. The firm has a market cap of $1.01 billion, a P/E ratio of 21.69, a P/E/G ratio of 2.34 and a beta of 0.41.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.63). NexPoint Residential Trust had a negative return on equity of 6.13% and a negative net margin of 10.49%. The firm had revenue of $41.50 million during the quarter, compared to the consensus estimate of $41.83 million. Sell-side analysts expect that NexPoint Residential Trust Inc will post 1.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, June 13th. NexPoint Residential Trust’s dividend payout ratio is presently 58.51%.

NXRT has been the topic of several recent analyst reports. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, May 1st. LADENBURG THALM/SH SH lifted their target price on NexPoint Residential Trust from $41.50 to $44.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Raymond James set a $60.00 target price on Banner and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. NexPoint Residential Trust has a consensus rating of “Buy” and a consensus target price of $41.60.

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.

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

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