NexPoint Residential Trust (NYSE:NXRT) Cut to Sell at StockNews.com

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

NexPoint Residential Trust Stock Performance

NYSE:NXRT opened at $42.21 on Friday. The firm’s 50-day moving average is $39.95 and its 200-day moving average is $43.14. The company 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. 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 has a 52-week low of $29.00 and a 52-week high of $48.37.

NexPoint Residential Trust Dividend Announcement

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

Institutional Trading of NexPoint Residential Trust

Several institutional investors have recently made changes to their positions in the business. Snowden Capital Advisors LLC lifted its stake in NexPoint Residential Trust by 7.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 9,810 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 677 shares during the period. Quantinno Capital Management LP raised its holdings in shares of NexPoint Residential Trust by 13.3% in the 4th quarter. Quantinno Capital Management LP now owns 6,863 shares of the financial services provider’s stock worth $287,000 after buying an additional 804 shares in the last quarter. Millennium Management LLC lifted its position in shares of NexPoint Residential Trust by 194.3% during the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider’s stock worth $11,869,000 after buying an additional 187,680 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NexPoint Residential Trust by 2.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock valued at $531,000 after buying an additional 266 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in NexPoint Residential Trust by 17.8% in the fourth quarter. Janus Henderson Group PLC now owns 14,774 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 2,232 shares during the period. 76.61% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Company 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.