State Street Discloses 5.2% Passive Stake in NexPoint Residential Trust
Ticker: NXRT · Form: SC 13G/A · Filed: 2024-01-30T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, REIT
TL;DR
**State Street still owns 5.2% of NXRT, a good sign for the stock.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership in NexPoint Residential Trust, Inc. (NXRT) as of December 31, 2023. This filing indicates State Street's passive investment in NXRT's REIT class of securities, holding 1,328,688 shares, which represents 5.2% of the company's outstanding shares. This matters to investors because State Street's continued significant, albeit passive, stake suggests institutional confidence in NXRT's long-term prospects, potentially signaling stability for current and prospective shareholders.
Why It Matters
This filing confirms a major institutional investor, State Street Corporation, maintains a significant ownership stake in NexPoint Residential Trust, Inc., which can be a positive signal of institutional confidence for other investors.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership stake, indicating stability rather than a new, potentially disruptive investment.
Analyst Insight
An investor should note State Street's continued passive stake as a sign of institutional presence, but this filing alone doesn't suggest immediate price catalysts. It's a data point for long-term holders or those considering entry.
Key Numbers
- 1,328,688 — Shares Beneficially Owned (Represents the total number of shares of NexPoint Residential Trust, Inc. held by State Street Corporation.)
- 5.2% — Percentage of Class (Indicates State Street Corporation's significant ownership percentage in NexPoint Residential Trust, Inc.'s REIT securities.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- NexPoint Residential Trust, Inc. (company) — the subject company (issuer) whose securities are being reported
- 1,328,688 (dollar_amount) — number of shares beneficially owned by State Street Corporation
- 5.2% (dollar_amount) — percentage of NexPoint Residential Trust, Inc.'s class of securities owned by State Street Corporation
- December 31, 2023 (date) — the date of the event which required the filing of this statement
Forward-Looking Statements
- NexPoint Residential Trust, Inc. will likely maintain its current institutional ownership structure in the near term. (NexPoint Residential Trust, Inc.) — high confidence, target: Q2 2024
FAQ
Who filed this SC 13G/A amendment?
State Street Corporation, with IRS Identification No. 04-2456637, filed this SC 13G/A amendment on January 30, 2024.
What company's securities are the subject of this filing?
The subject company (issuer) is NexPoint Residential Trust, Inc., identified by CUSIP Number 65341D102.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
How many shares of NexPoint Residential Trust, Inc. does State Street Corporation beneficially own?
State Street Corporation beneficially owns 1,328,688 shares of NexPoint Residential Trust, Inc.'s REIT class of securities.
What percentage of NexPoint Residential Trust, Inc.'s outstanding shares does State Street Corporation own?
State Street Corporation owns 5.2% of the REIT class of securities of NexPoint Residential Trust, Inc.
From the Filing
EDGAR Filing Documents for 0000093751-24-000391 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000093751-24-000391 Filing Date 2024-01-30 Accepted 2024-01-30 09:40:14 Documents 1 Document Format Files Seq Description Document Type Size 1 NexPoint_Resid_Trust.txt SC 13G/A 6606 Complete submission text file 0000093751-24-000391.txt 8583 Mailing Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 Business Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 617 786-3000 STATE STREET CORP (Filed by) CIK : 0000093751 (see all company filings) EIN. : 042456637 | State of Incorp.: MA | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6022 State Commercial Banks (CF Office: 02 Finance) Mailing Address 300 CRESCENT COURT SUITE 700 DALLAS TX 75201 Business Address 300 CRESCENT COURT SUITE 700 DALLAS TX 75201 214-276-6300 NexPoint Residential Trust, Inc. (Subject) CIK : 0001620393 (see all company filings) EIN. : 471181359 | State of Incorp.: MD | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-88773 | Film No.: 24576128 SIC : 6798 Real Estate Investment Trusts (CF Office: 05 Real Estate & Construction)