NJ Common Pension Fund D Reduces Holdings in NexPoint Residential Trust
July 18, 2023
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NEXPOINT ($NYSE:NXRT): On July 14, 2023, the State of New Jersey Common Pension Fund D made an interesting decision to reduce its ownership of NexPoint Residential Trust (NYSE: NXRT). NXRT is a publicly traded real estate investment trust that owns and manages a diversified portfolio of single-family homes, multifamily apartment communities and student housing. The trust operates through two business segments, which include the Residential REIT and the Student Housing REIT. NexPoint Residential Trust is a leading provider of residential real estate, offering investors attractive returns from an established portfolio of single-family homes, multifamily apartment communities and student housing. The trust seeks to provide investors with attractive dividend yields while also maintaining a focus on long-term capital appreciation. In addition, NXRT is managed by an experienced team of real estate professionals who are experienced in managing and growing portfolios of residential assets. The decision to reduce its ownership of NXRT comes as a surprise to many investors, as the trust has been a reliable dividend payer. With many other trusts in the real estate sector struggling due to the impact of the coronavirus pandemic, this decision appears to be a prudent move by NJ Common Pension Fund D. It is unclear at this time what the fund’s decision will mean for the overall performance of the trust in the future.
However, with a strong track record of performance and a focus on providing reliable dividend yields, investors should remain confident in their investments in NXRT.
Stock Price
On Monday, NJ Common Pension Fund D reduced its holdings in NexPoint Residential Trust (NXRT). The stock opened at a price of $47.8 and closed at $47.9, an increase of 0.3% from its prior closing price of $47.8. NexPoint Residential Trust is a publicly traded real estate investment trust focused on acquiring, owning, and operating multifamily residential properties. The company’s stock has been performing well in recent months, as investors are attracted to the security and stability offered by the real estate sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NXRT. More…
| Total Revenues | Net Income | Net Margin |
| 272.39 | -8.49 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NXRT. More…
| Operations | Investing | Financing |
| 79.1 | -162.3 | 46.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NXRT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.2k | 1.7k | 19.02 |
Key Ratios Snapshot
Some of the financial key ratios for NXRT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 14.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
As a professional investing platform, GoodWhale can provide a comprehensive analysis on the fundamentals of NEXPOINT RESIDENTIAL TRUST. After careful analysis, we have found that NEXPOINT RESIDENTIAL TRUST is a low risk investment in terms of financial and business aspects. If you look closer into this investment, you will find that GoodWhale has detected 2 risk warnings in its balance sheet and financial journal. To get access to these risk warnings, you will need to become a registered user on our platform. We aim to provide users with the most comprehensive analysis to make the best decisions when it comes to their investments. More…
Peers
The company is headquartered in Dallas, Texas and was founded in 2010. NexPoint Residential Trust Inc. has a portfolio of over 26,000 units across the United States. The company’s competitors include Bluerock Residential Growth REIT Inc, Maxus Realty Trust Inc, American Homes 4 Rent.
– Bluerock Residential Growth REIT Inc ($OTCPK:MRTI)
Maxus Realty Trust Inc is a real estate investment trust that primarily focuses on the ownership and operation of shopping centers. As of 2022, the company’s market cap totaled 11.88 million and its ROE was 11.97%. The company’s portfolio consists of properties located across the United States.
– Maxus Realty Trust Inc ($NYSE:AMH)
American Homes 4 Rent is an American real estate investment trust that invests in, acquires, and manages single-family rental properties. As of December 31, 2020, the company owned 53,545 homes in 26 states.
American Homes 4 Rent has a market cap of $11.04 billion as of 2022. The company is involved in the acquisition, renovation, leasing, and management of single-family properties.
Summary
NexPoint Residential Trust Inc. (NXRT) is a publicly traded real estate investment trust (REIT) that primarily focuses on the acquisition, ownership, and management of multifamily and single-family assets. Recently, the State of New Jersey Common Pension Fund D has decreased its holdings in NXRT, indicating that they may be bearish on the stock. Investors should research NXRT further in order to assess the reasons behind this move and determine if it would be a wise investment opportunity.
Analysts should pay particular attention to NXRT’s dividend yield, growth prospects, and current valuation in making their decision. Furthermore, investors should monitor any news or updates related to the company’s performance and outlook.
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