NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Sold by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC decreased its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,452 shares of the financial services provider’s stock after selling 348 shares during the period. Pasadena Private Wealth LLC owned approximately 0.18% of NexPoint Residential Trust worth $1,939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Valley Wealth Managers Inc. purchased a new position in NexPoint Residential Trust in the third quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. raised its stake in NexPoint Residential Trust by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 232 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of NexPoint Residential Trust during the third quarter valued at $42,000. Quest Partners LLC increased its position in NexPoint Residential Trust by 104,800.0% in the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,048 shares during the period. Finally, KBC Group NV lifted its stake in shares of NexPoint Residential Trust by 60.7% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 538 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.00.

NexPoint Residential Trust Stock Down 1.1 %

NXRT opened at $39.73 on Wednesday. The firm’s 50-day simple moving average is $40.71 and its 200-day simple moving average is $43.36. NexPoint Residential Trust, Inc. has a twelve month low of $28.20 and a twelve month high of $48.37. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.41 and a beta of 1.42. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79.

NexPoint Residential Trust Profile

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.