NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares Purchased by TCW Group Inc.

TCW Group Inc. raised its holdings in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 34.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,963 shares of the financial services provider’s stock after acquiring an additional 21,577 shares during the quarter. TCW Group Inc. owned approximately 0.33% of NexPoint Residential Trust worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. purchased a new position in shares of NexPoint Residential Trust during the 3rd quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after buying an additional 232 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in NexPoint Residential Trust during the third quarter worth $42,000. Quest Partners LLC increased its position in NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,048 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of NexPoint Residential Trust by 60.7% in the third quarter. KBC Group NV now owns 1,424 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 538 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, NexPoint Residential Trust has an average rating of “Moderate Buy” and a consensus target price of $49.00.

NexPoint Residential Trust Trading Down 0.8 %

Shares of NXRT opened at $38.80 on Monday. NexPoint Residential Trust, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $48.37. The stock has a fifty day moving average of $40.20 and a two-hundred day moving average of $43.24. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $985.68 million, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.42.

NexPoint Residential Trust 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.