EJF Capital LLC Has $285,000 Position in NexPoint Residential Trust Inc (NXRT)

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EJF Capital LLC lowered its position in shares of NexPoint Residential Trust Inc (NYSE:NXRT) by 33.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the financial services provider’s stock after selling 5,000 shares during the period. EJF Capital LLC’s holdings in NexPoint Residential Trust were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Highland Capital Management LP boosted its holdings in NexPoint Residential Trust by 4.1% in the first quarter. Highland Capital Management LP now owns 2,305,274 shares of the financial services provider’s stock worth $57,263,000 after purchasing an additional 89,799 shares during the last quarter. Millennium Management LLC boosted its holdings in NexPoint Residential Trust by 33.6% in the first quarter. Millennium Management LLC now owns 637,616 shares of the financial services provider’s stock worth $15,838,000 after purchasing an additional 160,233 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in NexPoint Residential Trust by 90.2% in the second quarter. Russell Investments Group Ltd. now owns 366,196 shares of the financial services provider’s stock worth $10,419,000 after purchasing an additional 173,662 shares during the last quarter. Boston Partners boosted its holdings in NexPoint Residential Trust by 29.6% in the second quarter. Boston Partners now owns 298,490 shares of the financial services provider’s stock worth $8,492,000 after purchasing an additional 68,090 shares during the last quarter. Finally, Lyon Street Capital LLC boosted its holdings in NexPoint Residential Trust by 5.7% in the first quarter. Lyon Street Capital LLC now owns 273,479 shares of the financial services provider’s stock worth $6,793,000 after purchasing an additional 14,857 shares during the last quarter. 61.99% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. TheStreet cut shares of NexPoint Residential Trust from a “b-” rating to a “c+” rating in a report on Tuesday, June 19th. ValuEngine cut shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. B. Riley raised their target price on shares of NexPoint Residential Trust from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, July 5th. Finally, Jefferies Financial Group assumed coverage on shares of NexPoint Residential Trust in a report on Monday, June 11th. They issued a “buy” rating and a $32.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. NexPoint Residential Trust has an average rating of “Buy” and an average price target of $31.75.

Shares of NexPoint Residential Trust stock opened at $31.70 on Wednesday. The firm has a market cap of $670.14 million, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.75 and a beta of 0.81. NexPoint Residential Trust Inc has a 1-year low of $23.03 and a 1-year high of $33.64. The company has a debt-to-equity ratio of 3.24, a quick ratio of 2.77 and a current ratio of 2.77.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, July 31st. The financial services provider reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.49). The business had revenue of $35.66 million for the quarter, compared to analysts’ expectations of $35.53 million. NexPoint Residential Trust had a return on equity of 23.89% and a net margin of 40.64%. equities analysts expect that NexPoint Residential Trust Inc will post 1.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, September 13th. NexPoint Residential Trust’s dividend payout ratio is presently 85.47%.

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.

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Institutional Ownership by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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