Raymond James & Associates increased its position in shares of NexPoint Residential Trust Inc (NYSE:NXRT) by 7.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,261 shares of the financial services provider’s stock after acquiring an additional 4,260 shares during the quarter. Raymond James & Associates owned approximately 0.29% of NexPoint Residential Trust worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. lifted its position in NexPoint Residential Trust by 68.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,944 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in NexPoint Residential Trust in the second quarter valued at about $214,000. OMERS ADMINISTRATION Corp acquired a new position in NexPoint Residential Trust in the second quarter valued at about $233,000. Nomura Asset Management Co. Ltd. lifted its position in NexPoint Residential Trust by 19.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 12,600 shares of the financial services provider’s stock valued at $313,000 after buying an additional 2,050 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in NexPoint Residential Trust by 9.7% in the second quarter. First Trust Advisors LP now owns 23,648 shares of the financial services provider’s stock valued at $673,000 after buying an additional 2,086 shares during the last quarter. 61.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the stock. Boenning Scattergood assumed coverage on shares of NexPoint Residential Trust in a research report on Monday, September 17th. They issued an “outperform” rating and a $35.00 target price on the stock. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Thursday, August 2nd. B. Riley upped their target price on shares of NexPoint Residential Trust from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. ValuEngine raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, TheStreet cut shares of NexPoint Residential Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, June 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $32.40.

NYSE NXRT opened at $33.38 on Friday. NexPoint Residential Trust Inc has a 12 month low of $23.03 and a 12 month high of $34.62. The company has a debt-to-equity ratio of 3.24, a quick ratio of 2.77 and a current ratio of 2.77. The stock has a market capitalization of $688.81 million, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.79 and a beta of 0.81.

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 (EPS) 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 analyst estimates of $35.53 million. NexPoint Residential Trust had a return on equity of 23.89% and a net margin of 40.64%. As a group, analysts predict that NexPoint Residential Trust Inc will post 1.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 3.00%. 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.

Further Reading: How analysts view the yield curve

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

Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.