NexPoint Residential Trust Inc (NXRT) Insider Purchases $389,319.20 in Stock

NexPoint Residential Trust Inc (NYSE:NXRT) insider James D. Dondero purchased 14,065 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was bought at an average price of $27.68 per share, with a total value of $389,319.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NexPoint Residential Trust Inc (NYSE:NXRT) traded down $0.34 during mid-day trading on Thursday, reaching $27.39. 75,200 shares of the company traded hands, compared to its average volume of 75,357. The firm has a market capitalization of $576.81 and a P/E ratio of 10.14. NexPoint Residential Trust Inc has a 1-year low of $22.28 and a 1-year high of $29.40. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.09.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 3.65%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22. NexPoint Residential Trust’s dividend payout ratio is presently 37.04%.

NXRT has been the subject of several recent research reports. ValuEngine lowered shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. B. Riley reiterated a “buy” rating and set a $28.00 target price (up previously from $27.00) on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. FBR & Co reiterated a “buy” rating and set a $27.00 target price on shares of NexPoint Residential Trust in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. NexPoint Residential Trust currently has an average rating of “Buy” and a consensus target price of $28.25.

A number of hedge funds have recently bought and sold shares of NXRT. Numeric Investors LLC lifted its holdings in NexPoint Residential Trust by 61.0% in the 2nd quarter. Numeric Investors LLC now owns 547,597 shares of the financial services provider’s stock valued at $13,630,000 after acquiring an additional 207,460 shares during the last quarter. Boston Partners boosted its position in NexPoint Residential Trust by 89.0% during the third quarter. Boston Partners now owns 275,200 shares of the financial services provider’s stock worth $6,530,000 after purchasing an additional 129,600 shares during the period. Renaissance Technologies LLC boosted its position in NexPoint Residential Trust by 19.8% during the second quarter. Renaissance Technologies LLC now owns 780,100 shares of the financial services provider’s stock worth $19,417,000 after purchasing an additional 129,000 shares during the period. Russell Investments Group Ltd. boosted its position in NexPoint Residential Trust by 109.3% during the third quarter. Russell Investments Group Ltd. now owns 220,919 shares of the financial services provider’s stock worth $5,242,000 after purchasing an additional 115,368 shares during the period. Finally, Principal Financial Group Inc. boosted its position in NexPoint Residential Trust by 44.7% during the second quarter. Principal Financial Group Inc. now owns 300,434 shares of the financial services provider’s stock worth $7,478,000 after purchasing an additional 92,818 shares during the period. 56.62% of the stock is owned by institutional investors and hedge funds.

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NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

Insider Buying and Selling by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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