NexPoint Residential Trust (NYSE:NXRT) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of NexPoint Residential Trust (NYSE:NXRT) from a hold rating to a sell rating in a report published on Saturday morning.

NexPoint Residential Trust Stock Performance

NYSE NXRT opened at $42.21 on Friday. NexPoint Residential Trust has a 1-year low of $29.00 and a 1-year high of $48.37. The company has a 50 day moving average of $39.95 and a 200-day moving average of $43.14. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.34 and a beta of 1.42.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 4.83%. NexPoint Residential Trust’s payout ratio is -20,400.00%.

Institutional Trading of NexPoint Residential Trust

Large investors have recently made changes to their positions in the business. Nexpoint Asset Management L.P. raised its holdings in shares of NexPoint Residential Trust by 100.0% in the fourth quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider’s stock valued at $65,245,000 after buying an additional 781,266 shares during the last quarter. Millennium Management LLC increased its position in NexPoint Residential Trust by 194.3% in the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider’s stock valued at $11,869,000 after acquiring an additional 187,680 shares in the last quarter. Foundry Partners LLC bought a new position in shares of NexPoint Residential Trust in the third quarter worth about $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NexPoint Residential Trust by 386.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock worth $5,578,000 after purchasing an additional 100,714 shares in the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in shares of NexPoint Residential Trust during the fourth quarter valued at approximately $3,863,000. Institutional investors own 76.61% of the company’s stock.

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.