NexPoint Residential Trust Inc (NXRT) : Us Financial Advisors has sold out all of its stake in NexPoint Residential Trust Inc during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 2 shares of NexPoint Residential Trust Inc which is valued at $40.
Other Hedge Funds, Including , Renaissance Technologies boosted its stake in NXRT in the latest quarter, The investment management firm added 176,098 additional shares and now holds a total of 223,000 shares of NexPoint Residential Trust Inc which is valued at $4,426,550. NexPoint Residential Trust Inc makes up approx 0.01% of Renaissance Technologies’s portfolio. Dynamic Technology Lab Private Ltd added NXRT to its portfolio by purchasing 11,394 company shares during the most recent quarter which is valued at $226,171. NexPoint Residential Trust Inc makes up approx 0.06% of Dynamic Technology Lab Private Ltd’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in NXRT in the latest quarter, The investment management firm added 326 additional shares and now holds a total of 391,301 shares of NexPoint Residential Trust Inc which is valued at $7,767,325.
On the company’s financial health, NexPoint Residential Trust Inc reported $1.06 EPS for the quarter, based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus estimate of $.During the same quarter in the previous year, the company posted $0.34 EPS.
Investors should note that on Aug 9, 2016, NexPoint Residential Trust Inc announced a cash dividend of $0.2060. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on NexPoint Residential Trust Inc. Canaccord Genuity Initiated NexPoint Residential Trust Inc on Jun 28, 2016 to “Buy”, Price Target of the shares are set at $20.
NexPoint Residential Trust Inc. (NXRT) is a real estate investment trust (REIT). The Company is focused on directly or indirectly acquiring owning operating and selectively developing Class A and B multifamily properties in large cities and suburban submarkets of large cities in the Southeastern United States and Texas. Its business objective is to acquire multifamily properties in markets with job growth and household formation fundamentals in the Southeastern United States and Texas; acquire assets below replacement costs and own assets which provide lifestyle amenities and upgraded living spaces to low and moderate income renters. NXRT owns and operates multifamily properties in areas that have employment centers parks and schools nearby; work force combined with positive net population growth and jobs provided by a diverse mix of employers. The Company’s Bayberry apartments consists of 222 one- and two-bedroom residential units.