NexPoint Residential Trust, Inc. (NYSE:NXRT) Position Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,822 shares of the financial services provider’s stock after purchasing an additional 14,659 shares during the period. State of New Jersey Common Pension Fund D’s holdings in NexPoint Residential Trust were worth $10,013,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pasadena Private Wealth LLC acquired a new stake in NexPoint Residential Trust in the 4th quarter valued at approximately $1,428,000. Strs Ohio increased its position in NexPoint Residential Trust by 61.4% in the 4th quarter. Strs Ohio now owns 125,900 shares of the financial services provider’s stock valued at $4,334,000 after acquiring an additional 47,900 shares during the period. AQR Capital Management LLC increased its position in NexPoint Residential Trust by 175.9% in the 3rd quarter. AQR Capital Management LLC now owns 163,547 shares of the financial services provider’s stock valued at $5,263,000 after acquiring an additional 104,270 shares during the period. Charles Schwab Investment Management Inc. increased its position in NexPoint Residential Trust by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 293,310 shares of the financial services provider’s stock valued at $9,439,000 after acquiring an additional 6,292 shares during the period. Finally, Schnieders Capital Management LLC increased its position in NexPoint Residential Trust by 74.0% in the 4th quarter. Schnieders Capital Management LLC now owns 11,525 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 4,900 shares during the period. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Price Performance

Shares of NXRT stock traded down $0.45 during mid-day trading on Thursday, hitting $32.85. 103,337 shares of the stock traded hands, compared to its average volume of 156,113. NexPoint Residential Trust, Inc. has a twelve month low of $26.21 and a twelve month high of $49.87. The firm has a market cap of $846.54 million, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. The company’s 50-day simple moving average is $30.80 and its 200-day simple moving average is $31.31. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.59 and a current ratio of 1.59.

NexPoint Residential Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.462 per share. This represents a $1.85 annualized dividend and a dividend yield of 5.63%. The ex-dividend date was Thursday, March 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 110.12%.

Analysts Set New Price Targets

Several research firms recently commented on NXRT. Deutsche Bank Aktiengesellschaft began coverage on NexPoint Residential Trust in a research report on Tuesday, January 30th. They issued a “buy” rating and a $38.00 target price on the stock. Truist Financial lowered their target price on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, April 9th. Raymond James cut NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, March 18th. Finally, JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.25.

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.