Renaissance Technologies LLC boosted its position in shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) by 25.3% during the fourth quarter, Holdings Channel reports. The fund owned 498,500 shares of the company’s stock after buying an additional 100,700 shares during the period. Renaissance Technologies LLC’s holdings in NexPoint Residential Trust were worth $11,136,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in NXRT. LSV Asset Management purchased a new stake in shares of NexPoint Residential Trust during the third quarter worth $137,000. Citadel Advisors LLC purchased a new stake in shares of NexPoint Residential Trust during the third quarter worth $330,000. First Allied Advisory Services Inc. purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter worth $452,000. State Board of Administration of Florida Retirement System raised its stake in shares of NexPoint Residential Trust by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 20,762 shares of the company’s stock worth $464,000 after buying an additional 56 shares during the last quarter. Finally, Neuberger Berman Group LLC purchased a new stake in shares of NexPoint Residential Trust during the third quarter worth $485,000.
Shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) opened at 23.39 on Tuesday. The stock has a 50 day moving average of $23.46 and a 200-day moving average of $21.12. NexPoint Residential Trust Inc has a one year low of $12.14 and a one year high of $24.43. The firm has a market capitalization of $492.20 million and a price-to-earnings ratio of 22.78.
NexPoint Residential Trust (NASDAQ:NXRT) last issued its quarterly earnings results on Wednesday, March 15th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.42. The company had revenue of $32.60 million for the quarter, compared to analyst estimates of $33.92 million. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts anticipate that NexPoint Residential Trust Inc will post $0.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Monday, March 20th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.76%. The ex-dividend date is Thursday, March 16th.
A number of equities research analysts have recently weighed in on NXRT shares. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Friday. Canaccord Genuity set a $26.00 price objective on shares of NexPoint Residential Trust and gave the company a “buy” rating in a report on Tuesday, March 14th.
About NexPoint Residential Trust
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a capex value-add program.
Want to see what other hedge funds are holding NXRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexPoint Residential Trust Inc (NASDAQ:NXRT).