Paralel Advisors LLC bought a new stake in NexPoint Residential Trust, Inc. (NYSE:NXRT – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 72,082 shares of the financial services provider’s stock, valued at approximately $2,013,000. Paralel Advisors LLC owned about 0.28% of NexPoint Residential Trust at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of NexPoint Residential Trust by 5.7% in the first quarter. Royal Bank of Canada now owns 54,612 shares of the financial services provider’s stock valued at $2,159,000 after buying an additional 2,942 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in NexPoint Residential Trust in the 1st quarter worth approximately $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NexPoint Residential Trust by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 573 shares during the last quarter. Millennium Management LLC lifted its stake in shares of NexPoint Residential Trust by 15.6% during the 1st quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after purchasing an additional 44,391 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of NexPoint Residential Trust by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,034 shares of the financial services provider’s stock worth $5,219,000 after purchasing an additional 7,217 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.
NexPoint Residential Trust Stock Up 0.9%
Shares of NYSE NXRT opened at $24.28 on Friday. NexPoint Residential Trust, Inc. has a 52-week low of $23.47 and a 52-week high of $34.87. The firm has a fifty day moving average of $26.57 and a 200-day moving average of $27.39. The stock has a market capitalization of $620.35 million, a PE ratio of -18.26 and a beta of 1.18. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 6.41.
NexPoint Residential Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Tuesday, September 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is -159.40%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Truist Financial lowered their price objective on NexPoint Residential Trust from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Tuesday, June 30th. Zacks Research upgraded NexPoint Residential Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on NexPoint Residential Trust in a research note on Monday, July 20th. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday. Finally, Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, NexPoint Residential Trust has a consensus rating of “Hold” and a consensus target price of $22.00.
Check Out Our Latest Stock Analysis on NXRT
NexPoint Residential Trust Company Profile
NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.
The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.
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