State of Alaska Department of Revenue cut its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT – Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,593 shares of the financial services provider’s stock after selling 1,699 shares during the quarter. State of Alaska Department of Revenue owned 0.10% of NexPoint Residential Trust worth $1,163,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Yousif Capital Management LLC boosted its position in shares of NexPoint Residential Trust by 0.6% in the first quarter. Yousif Capital Management LLC now owns 21,646 shares of the financial services provider’s stock worth $1,955,000 after buying an additional 136 shares during the period. LPL Financial LLC boosted its position in shares of NexPoint Residential Trust by 4.0% in the second quarter. LPL Financial LLC now owns 4,521 shares of the financial services provider’s stock worth $283,000 after buying an additional 173 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of NexPoint Residential Trust by 0.7% in the first quarter. Great West Life Assurance Co. Can now owns 37,735 shares of the financial services provider’s stock worth $3,510,000 after buying an additional 274 shares during the period. Engineers Gate Manager LP boosted its position in shares of NexPoint Residential Trust by 12.6% in the first quarter. Engineers Gate Manager LP now owns 2,759 shares of the financial services provider’s stock worth $249,000 after buying an additional 309 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of NexPoint Residential Trust by 7.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,617 shares of the financial services provider’s stock worth $417,000 after buying an additional 320 shares during the period. 78.31% of the stock is owned by institutional investors.
NexPoint Residential Trust Stock Performance
Shares of NYSE NXRT opened at $30.00 on Monday. The business’s 50-day moving average price is $35.00 and its two-hundred day moving average price is $40.62. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.42 and a quick ratio of 1.42. NexPoint Residential Trust, Inc. has a one year low of $29.99 and a one year high of $52.83. The company has a market capitalization of $770.22 million, a P/E ratio of -176.47, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11.
NexPoint Residential Trust Dividend Announcement
Analyst Upgrades and Downgrades
Several analysts have recently commented on NXRT shares. JMP Securities decreased their target price on NexPoint Residential Trust from $70.00 to $55.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 26th. StockNews.com initiated coverage on NexPoint Residential Trust in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, NexPoint Residential Trust has an average rating of “Hold” and an average price target of $49.00.
Get Our Latest Report on NexPoint Residential Trust
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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