Boston Partners grew its position in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 89.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,200 shares of the financial services provider’s stock after acquiring an additional 129,600 shares during the quarter. Boston Partners owned about 1.31% of NexPoint Residential Trust worth $6,530,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Chicago Equity Partners LLC acquired a new stake in shares of NexPoint Residential Trust during the second quarter worth $209,000. Great West Life Assurance Co. Can lifted its holdings in shares of NexPoint Residential Trust by 0.3% during the second quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 29 shares during the period. American International Group Inc. lifted its holdings in shares of NexPoint Residential Trust by 7.1% during the first quarter. American International Group Inc. now owns 11,059 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 731 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of NexPoint Residential Trust by 17.6% during the first quarter. Alliancebernstein L.P. now owns 14,930 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 2,230 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in NexPoint Residential Trust by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock valued at $369,000 after acquiring an additional 385 shares during the period. 58.59% of the stock is owned by institutional investors and hedge funds.

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NexPoint Residential Trust, Inc. (NYSE:NXRT) opened at $28.57 on Friday. NexPoint Residential Trust, Inc. has a 52-week low of $19.17 and a 52-week high of $29.21. The firm has a market capitalization of $606.30, a price-to-earnings ratio of 18.22, a PEG ratio of 4.96 and a beta of 0.81. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.22. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 32.71%.

A number of equities research analysts have commented on NXRT shares. BidaskClub downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Canaccord Genuity set a $28.00 target price on NexPoint Residential Trust and gave the company a “buy” rating in a report on Tuesday, August 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a report on Wednesday, August 2nd. Zacks Investment Research downgraded NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. Finally, Janney Montgomery Scott started coverage on NexPoint Residential Trust in a report on Friday, September 8th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.75.

In other news, insider James D. Dondero purchased 1,100 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was acquired at an average price of $23.37 per share, for a total transaction of $25,707.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.60% of the company’s stock.

NexPoint Residential Trust Profile

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

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

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