Endicott Management Co Lowers stake in NexPoint Residential Trust Inc (NXRT)

NexPoint Residential Trust Inc (NXRT) : Endicott Management Co reduced its stake in NexPoint Residential Trust Inc by 45.21% during the most recent quarter end. The investment management company now holds a total of 40,000 shares of NexPoint Residential Trust Inc which is valued at $794,000 after selling 33,000 shares in NexPoint Residential Trust Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NexPoint Residential Trust Inc makes up approximately 0.27% of Endicott Management Co’s portfolio.

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.Shinko Asset Management Ltd. reduced its stake in NXRT by selling 200 shares or 22.22% in the most recent quarter. The Hedge Fund company now holds 700 shares of NXRT which is valued at $13,776.

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.

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