Public Employees Retirement System of Ohio Has $1.39 Million Stake in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Public Employees Retirement System of Ohio trimmed its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,543 shares of the financial services provider’s stock after selling 808 shares during the period. Public Employees Retirement System of Ohio owned 0.12% of NexPoint Residential Trust worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Long Pond Capital LP acquired a new stake in shares of NexPoint Residential Trust in the second quarter valued at approximately $24,273,000. Dimensional Fund Advisors LP raised its position in shares of NexPoint Residential Trust by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock valued at $13,399,000 after buying an additional 23,888 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NexPoint Residential Trust by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock valued at $14,641,000 after buying an additional 8,795 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of NexPoint Residential Trust by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 244,264 shares of the financial services provider’s stock valued at $9,651,000 after buying an additional 9,297 shares in the last quarter. Finally, BOKF NA raised its position in shares of NexPoint Residential Trust by 0.4% in the second quarter. BOKF NA now owns 177,320 shares of the financial services provider’s stock valued at $7,006,000 after buying an additional 741 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock opened at $42.47 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a twelve month low of $28.20 and a twelve month high of $48.37. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.69 and a beta of 1.40. The company’s fifty day moving average is $44.88 and its 200 day moving average is $43.19.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The business had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period in the prior year, the firm earned $0.76 EPS. Sell-side analysts forecast that NexPoint Residential Trust, Inc. will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.51 dividend. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.04 annualized dividend and a dividend yield of 4.80%. NexPoint Residential Trust’s payout ratio is currently 105.71%.

Wall Street Analyst Weigh In

NXRT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, October 21st. Truist Financial lifted their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, StockNews.com raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, NexPoint Residential Trust currently has a consensus rating of “Hold” and a consensus target price of $46.83.

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.