Franklin Resources Inc. Purchases 21,660 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Franklin Resources Inc. grew its holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 164.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,865 shares of the financial services provider’s stock after acquiring an additional 21,660 shares during the period. Franklin Resources Inc. owned 0.14% of NexPoint Residential Trust worth $1,506,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 232 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of NexPoint Residential Trust by 7.3% in the second quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after buying an additional 236 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of NexPoint Residential Trust by 4.1% during the 3rd quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 240 shares in the last quarter. Creative Planning increased its holdings in shares of NexPoint Residential Trust by 3.0% during the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 341 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of NexPoint Residential Trust by 4.1% in the 2nd quarter. Federated Hermes Inc. now owns 9,094 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 359 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Down 1.7 %

Shares of NXRT stock opened at $41.65 on Friday. The stock has a 50 day moving average of $44.72 and a 200-day moving average of $43.31. The firm has a market cap of $1.06 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40. 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 12 month low of $28.20 and a 12 month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.01). The company had revenue of $64.10 million for the quarter, compared to analyst estimates of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same quarter in the previous year, the company earned $0.76 earnings per share. On average, equities analysts predict that NexPoint Residential Trust, Inc. will post 2.78 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.90%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust’s payout ratio is currently 116.57%.

Analyst Ratings Changes

NXRT has been the subject of a number of recent analyst reports. StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.