NexPoint Residential Trst (NXRT) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in NexPoint Residential Trst (NYSE:NXRT) by 9.1% in the fourth quarter, HoldingsChannel reports. The firm owned 66,359 shares of the financial services provider’s stock after acquiring an additional 5,514 shares during the quarter. Wells Fargo & Company MN’s holdings in NexPoint Residential Trst were worth $1,855,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Forsta AP Fonden purchased a new position in shares of NexPoint Residential Trst in the 4th quarter valued at about $204,000. Swiss National Bank increased its holdings in shares of NexPoint Residential Trst by 15.8% in the 4th quarter. Swiss National Bank now owns 32,309 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 4,400 shares in the last quarter. Telemus Capital LLC purchased a new position in shares of NexPoint Residential Trst in the 4th quarter valued at about $461,000. Victory Capital Management Inc. increased its holdings in NexPoint Residential Trst by 16.2% during the 4th quarter. Victory Capital Management Inc. now owns 77,200 shares of the financial services provider’s stock valued at $2,157,000 after acquiring an additional 10,750 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in NexPoint Residential Trst by 89.2% during the 4th quarter. Bessemer Group Inc. now owns 28,005 shares of the financial services provider’s stock valued at $783,000 after acquiring an additional 13,200 shares in the last quarter. Institutional investors and hedge funds own 59.70% of the company’s stock.

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In other news, insider James D. Dondero purchased 24,788 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were bought at an average cost of $27.23 per share, with a total value of $674,977.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James D. Dondero purchased 18,700 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were purchased at an average cost of $26.98 per share, for a total transaction of $504,526.00. The disclosure for this purchase can be found here. 19.00% of the stock is owned by company insiders.

Several equities analysts have weighed in on NXRT shares. TheStreet upgraded shares of NexPoint Residential Trst from a “d-” rating to a “c” rating in a report on Monday, March 19th. Zacks Investment Research downgraded shares of NexPoint Residential Trst from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Finally, ValuEngine upgraded shares of NexPoint Residential Trst from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.50.

NYSE:NXRT opened at $26.09 on Monday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 3.28. NexPoint Residential Trst has a twelve month low of $22.84 and a twelve month high of $29.40. The stock has a market cap of $543.99, a price-to-earnings ratio of 22.30 and a beta of 0.80.

NexPoint Residential Trst (NYSE:NXRT) last posted its earnings results on Tuesday, February 13th. The financial services provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. NexPoint Residential Trst had a net margin of 37.00% and a return on equity of 23.02%. The firm had revenue of $34.90 million during the quarter, compared to the consensus estimate of $36.28 million. During the same period last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts forecast that NexPoint Residential Trst will post 1.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 19th. This represents a $1.00 annualized dividend and a yield of 3.83%. NexPoint Residential Trst’s dividend payout ratio (DPR) is currently 85.47%.

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NexPoint Residential Trst 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.

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

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