Matarin Capital Management LLC Invests $1.28 Million in NexPoint Residential Trust Inc (NXRT)

Matarin Capital Management LLC bought a new position in NexPoint Residential Trust Inc (NYSE:NXRT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,348 shares of the financial services provider’s stock, valued at approximately $1,275,000. Matarin Capital Management LLC owned about 0.25% of NexPoint Residential Trust 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 the company. Victory Capital Management Inc. grew its stake in shares of NexPoint Residential Trust by 2.5% in the first quarter. Victory Capital Management Inc. now owns 79,109 shares of the financial services provider’s stock worth $1,965,000 after acquiring an additional 1,909 shares during the last quarter. Teachers Insurance & Annuity Association of America grew its stake in shares of NexPoint Residential Trust by 12.6% in the fourth quarter. Teachers Insurance & Annuity Association of America now owns 19,294 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 2,154 shares during the last quarter. Northern Trust Corp grew its stake in shares of NexPoint Residential Trust by 1.1% in the first quarter. Northern Trust Corp now owns 207,590 shares of the financial services provider’s stock worth $5,157,000 after acquiring an additional 2,243 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of NexPoint Residential Trust by 448.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,270 shares of the financial services provider’s stock valued at $147,000 after buying an additional 4,309 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of NexPoint Residential Trust by 15.8% during the fourth quarter. Swiss National Bank now owns 32,309 shares of the financial services provider’s stock valued at $903,000 after buying an additional 4,400 shares during the last quarter. 59.71% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust opened at $27.84 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 3.10, a quick ratio of 3.12 and a current ratio of 3.12. NexPoint Residential Trust Inc has a one year low of $22.84 and a one year high of $29.40. The firm has a market cap of $577.93 million, a P/E ratio of 17.29 and a beta of 0.79.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. NexPoint Residential Trust had a return on equity of 28.96% and a net margin of 47.13%. The company had revenue of $35.06 million for the quarter, compared to analysts’ expectations of $36.12 million. equities analysts anticipate that NexPoint Residential Trust Inc will post 1.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.59%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 85.47%.

Several research firms recently commented on NXRT. ValuEngine raised NexPoint Residential Trust from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. Finally, TheStreet raised NexPoint Residential Trust from a “c” rating to a “b-” rating in a research report on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, two have assigned 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.

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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