Institutional investors reduce holdings in NexPoint Residential Trust amid third-quarter losses.

Institutional investors like Y Intercept Hong Kong Ltd and State Street Corp have reduced their holdings in NexPoint Residential Trust (NYSE:NXRT), a REIT focused on multifamily properties. The company reported a third-quarter loss of $0.35 per share, missing estimates, and has a "Hold" rating with a price target of $46.83. Despite financial challenges, it recently declared a quarterly dividend of $0.51, payable on December 31st.