HRT Financial LP, a well-known financial services provider, recently increased its stake in NexPoint Residential Trust, Inc. (NYSE: NXRT) by a whopping 37.3% during the fourth quarter of 2020. According to the firm’s recent filing with the Securities and Exchange Commission (SEC), HRT Financial LP presently holds 10,144 shares of this promising company’s stock following the purchase of an additional 2,755 shares during the same period.
As per its most recent SEC filing, HRT’s holdings in NexPoint Residential Trust are at present worth an impressive $441,000. This comes as no surprise given that NexPoint Residential Trust has established itself as one of the most prominent multifamily asset acquisition and management firms today. Its primary focus on providing state-of-the-art lifestyle amenities and upgraded living spaces to low- and moderate-income renters in the Southeastern United States and Texas has positioned it as a market leader.
Founded back on September 19th, 2014, NexPoint Residential Trust is headquartered in Dallas, TX., where it manages assets worth millions of dollars annually through rigorous investment strategies.
Recently disclosed was a quarterly dividend for shareholders of NexPoint Residential Trust which will be paid out on Friday, June 30th — portraying outstanding commitment towards shareholder value addition. Stockholders of record on Thursday, June 15th will be given a $0.42 dividend, which represents a $1.68 dividend on an annualized basis and a healthy dividend yield of approximately 3.85%. The ex-dividend date for this particular payment is expected to be Wednesday, June 14th.
NexPoint Residential Trust’s payout ratio currently stands at -524.98%. This substantial increase more than demonstrates how committed NexPoint is toward increasing shareholder value via regular dividends — therefore proving beneficial for long-term investors who can reap alluring returns from investing in such laudable companies.
Moreover, this move makes it clear how confident HRT Financial LP is about NexPoint’s growth potential. It further adds value to the already significant holdings of the former, which are now worth over $441,000.
HRT’s latest purchase has grabbed a lot of attention from both investors and other analysts in the industry, with many predicting a bright future for NexPoint given its proven business model coupled with attractive shareholder incentives indicative of sound financial management practices.
[bs_slider_forecast ticker=”NXRT”]
Institutional Investors Show Confidence in NexPoint Residential Trust, Despite Mixed Analyst Ratings
NexPoint Residential Trust, Inc. has recently attracted the attention of several institutional investors who have either added to or reduced their stakes in the company. Among these investors are Signaturefd LLC, Fifth Third Bancorp, Quantbot Technologies LP, Catalyst Capital Advisors LLC, and PNC Financial Services Group Inc. These reputable financial institutions have acquired significant holdings in NexPoint Residential Trust, indicating a strong belief in the company’s potential for growth.
Signaturefd LLC increased its stake by 127.7% in the fourth quarter of 2020 and now owns 765 shares of NexPoint Residential Trust worth $33,000 after buying an additional 429 shares during the period. Similarly, Fifth Third Bancorp increased its stake by 47.5% during the same period and now holds 987 shares worth $43,000 after acquiring an additional 318 shares.
Quantbot Technologies LP purchased a new position in NexPoint Residential Trust worth about $60,000 in the second quarter of last year. Meanwhile, Catalyst Capital Advisors LLC increased its position by 52.6% during the third quarter of 2020 and now owns 1,480 shares valued at $68,000 after purchasing an additional 510 shares.
Lastly, PNC Financial Services Group Inc. added another 873 shares to its portfolio during the fourth quarter of last year – an increase of 65.9%. The institution now holds a total of 2,198 shares worth $96,000.
It is interesting to note that hedge funds and other institutional investors own a significant majority – equivalent to 77.28% – of NexPoint Residential Trust’s stock.
Despite this promising news from institutional investors betting on NexPoint Residential Trust’s bullish future outlooks’, recent reports suggest mixed reactions from research analysts regarding the trading value and price action dynamics therein.
In a research report published on Tuesday February21st TheStreet downgraded NexPoint Residential Trust stocks from a “c” rating to a “d+” rating. Conversely, StockNews.com assumed coverage on the organization’s shares with a “hold” rating.
Finally, Truist Financial in March 2021 raised its target price on shares of NexPoint Residential Trust from $46.00 to $49.00 in a research report giving mixed signals about the future of this company that made waves amongst institutional investors!
This recent move by financial institutions towards NexPoint Residential Trust provided evidence that it is capable of attracting strong investments from sophisticated players betting on increased growth potential, despite uncertainty surrounding this stock’s future trading dynamics following mixed feedback from analysts. Analysing underlying market and economic forces might lead to more nuanced insight into what critically impinges investment activity thereby better navigating the challenges that exist within these markets trying to harness their expected upbeat future trends!