Principal Financial Group Reduces Holdings in NexPoint Residential Trust,
June 23, 2023
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NEXPOINT ($NYSE:NXRT): NexPoint Residential Trust, Inc., is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership, and management of multifamily properties. It focuses on acquiring and operating high-quality, well-located assets in major metropolitan markets, primarily in the Southeastern and Southwestern United States. The company is based in Dallas, Texas, and trades on the New York Stock Exchange under the symbol NXRT. Recently, Principal Financial Group Inc. announced a decrease in its holdings of NexPoint Residential Trust, Inc. stock. This follows the company’s decision to reduce its exposure in the real estate sector across a number of REITs including NexPoint.
The decision to reduce its holdings in NexPoint Residential Trust, Inc. has come as a surprise to many investors, as the company’s performance has been strong in recent months. Despite this news, NexPoint Residential Trust, Inc. remains a strong investment opportunity for those looking to invest in high-quality real estate assets in major metropolitan markets. With a strong track record of consistent returns and solid management, the company is well positioned for continued success in the years ahead.
Share Price
Principal Financial Group Inc. has recently reduced its holdings in NexPoint Residential Trust, Inc. On Tuesday, the company’s stock opened at $40.8 and closed at $41.0, which is an increase of 0.9% from the last closing price of $40.6. This news came as a surprise to some investors who were expecting that Principal Financial Group would maintain or even increase their holdings in NexPoint Residential Trust. However, it appears that Principal Financial Group has decided to sell part of their stake in the company. Despite this decrease in holdings, the stock price of NexPoint Residential Trust was still able to increase on Tuesday, which may have been due to other factors such as positive news about the company’s operations. 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
GoodWhale is here to analyze the fundamentals of NEXPOINT RESIDENTIAL TRUST. Our star chart shows that NEXPOINT RESIDENTIAL TRUST has an intermediate health score of 4/10 with regard to both its cashflows and debt, indicating that it might be able to sustain future operations in times of crisis. Furthermore, NEXPOINT RESIDENTIAL TRUST is classified as a ‘cow’, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. Based on this classification and its score, investors who are interested in steady and sustainable returns could be interested in such a company. The fundamental analysis of NEXPOINT RESIDENTIAL TRUST also provides insight into its performance. It is strong in asset, dividend, growth, and medium in profitability. As such, investors who are looking for long-term growth and stability can consider investing in this trust. 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. (NEXPOINT) is a publicly traded real estate investment trust (REIT) that invests in residential mortgage-backed securities, residential mortgage loans and other residential real estate investments. Recently, Principal Financial Group Inc. reduced its holdings in shares of NEXPOINT, indicating a shift in sentiment among investors. It is important for investors to conduct thorough research into NEXPOINT before making an investment decision, as market conditions and the company’s performance will play a key role in determining the potential success of the investment. Areas to consider when researching NEXPOINT include its financials, dividend yield, management team, and competitive environment.
Additionally, investors should factor in potential macroeconomic concerns that could affect the real estate market and the REIT sector.
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