NexPoint Residential Trust Inc (NXRT) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. increased its stake in NexPoint Residential Trust Inc (NASDAQ:NXRT) by 24.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,551 shares of the company’s stock after buying an additional 20,821 shares during the period. Russell Investments Group Ltd. owned 0.50% of NexPoint Residential Trust worth $2,628,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of NXRT. Menta Capital LLC bought a new stake in NexPoint Residential Trust during the first quarter valued at about $468,000. Teachers Advisors LLC raised its stake in NexPoint Residential Trust by 7.1% in the first quarter. Teachers Advisors LLC now owns 64,004 shares of the company’s stock valued at $1,546,000 after buying an additional 4,244 shares in the last quarter. Wellington Management Group LLP bought a new stake in NexPoint Residential Trust during the first quarter valued at about $1,492,000. Principal Financial Group Inc. raised its stake in NexPoint Residential Trust by 77.7% in the first quarter. Principal Financial Group Inc. now owns 207,616 shares of the company’s stock valued at $5,016,000 after buying an additional 90,773 shares in the last quarter. Finally, ClariVest Asset Management LLC raised its stake in NexPoint Residential Trust by 19.6% in the first quarter. ClariVest Asset Management LLC now owns 58,685 shares of the company’s stock valued at $1,419,000 after buying an additional 9,611 shares in the last quarter.
NexPoint Residential Trust Inc (NASDAQ:NXRT) traded down 0.064% during trading on Friday, hitting $23.285. 18,905 shares of the stock were exchanged. The firm has a 50-day moving average of $24.21 and a 200-day moving average of $24.42. The stock has a market capitalization of $489.99 million and a price-to-earnings ratio of 44.268. NexPoint Residential Trust Inc has a 52 week low of $16.67 and a 52 week high of $26.10.
NexPoint Residential Trust (NASDAQ:NXRT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. NexPoint Residential Trust had a net margin of 28.18% and a return on equity of 14.15%. The business had revenue of $35.23 million during the quarter, compared to analyst estimates of $35.95 million. During the same quarter last year, the company posted $0.37 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that NexPoint Residential Trust Inc will post ($0.13) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.78%.
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Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, July 5th. Canaccord Genuity set a $28.00 price target on shares of NexPoint Residential Trust and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a research report on Wednesday, August 2nd.
In other NexPoint Residential Trust news, insider James D. Dondero purchased 41,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $24.28 per share, for a total transaction of $1,017,332.00. Following the completion of the purchase, the insider now owns 5,202 shares of the company’s stock, valued at approximately $126,304.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James D. Dondero purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $23.30 per share, for a total transaction of $46,600.00. Following the completion of the purchase, the insider now directly owns 30,725 shares of the company’s stock, valued at approximately $715,892.50. The disclosure for this purchase can be found here. Insiders purchased 56,500 shares of company stock worth $1,363,938 over the last 90 days.
NexPoint Residential Trust Company 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.
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