Dupont Capital Management Corp lessened its stake in NexPoint Residential Trust Inc (NYSE:NXRT) by 31.0% in the fourth quarter, Holdings Channel reports. The fund owned 19,757 shares of the financial services provider’s stock after selling 8,877 shares during the period. Dupont Capital Management Corp’s holdings in NexPoint Residential Trust were worth $692,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXRT. IFP Advisors Inc bought a new stake in shares of NexPoint Residential Trust in the 4th quarter valued at about $28,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of NexPoint Residential Trust by 108.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,072 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 557 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new stake in shares of NexPoint Residential Trust in the 4th quarter valued at about $54,000. Oppenheimer Asset Management Inc. bought a new stake in shares of NexPoint Residential Trust in the 4th quarter valued at about $62,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of NexPoint Residential Trust in the 3rd quarter valued at about $121,000. 54.47% of the stock is owned by institutional investors.
In other NexPoint Residential Trust news, insider James D. Dondero purchased 207,972 shares of the stock in a transaction on Friday, November 16th. The stock was acquired at an average price of $33.00 per share, with a total value of $6,863,076.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 19.98% of the company’s stock.
NXRT opened at $38.28 on Thursday. The company has a market cap of $887.35 million, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 1.61 and a beta of 0.59. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.98 and a quick ratio of 0.98. NexPoint Residential Trust Inc has a one year low of $23.03 and a one year high of $38.40.
A number of research analysts have commented on the company. ValuEngine lowered NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Zacks Investment Research raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Raymond James assumed coverage on NexPoint Residential Trust in a research report on Wednesday, February 6th. They set an “outperform” rating and a $41.00 price target for the company. B. Riley upped their price target on NexPoint Residential Trust from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 5th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of NexPoint Residential Trust in a research report on Thursday, November 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $37.40.
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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.
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