NexPoint Residential Trust (NYSE:NXRT) Stock: Insider Brian Mitts Sells 15,000 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 15,000 shares of NexPoint Residential Trust stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $17.07, for a total value of $256,050.00. Following the completion of the transaction, the director directly owned 45,289 shares of the company’s stock, valued at $773,083.23. This represents a 24.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT traded down $0.46 during trading on Monday, reaching $15.80. 679,878 shares of the company traded hands, compared to its average volume of 465,244. The firm has a market capitalization of $403.64 million, a PE ratio of 6.72, a PEG ratio of 0.31 and a beta of 1.15. NexPoint Residential Trust, Inc. has a 52 week low of $15.72 and a 52 week high of $32.36. The company has a quick ratio of 1.92, a current ratio of 1.69 and a debt-to-equity ratio of 7.10. The company’s 50 day moving average is $19.90 and its two-hundred day moving average is $25.51.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.04). The company had revenue of $64.47 million during the quarter, compared to the consensus estimate of $64.87 million. NexPoint Residential Trust had a negative return on equity of 14.29% and a negative net margin of 14.59%. As a group, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.23 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date is Tuesday, December 15th. NexPoint Residential Trust’s dividend payout ratio is presently -144.22%.

Analyst Upgrades and Downgrades

NXRT has been the subject of several analyst reports. Truist Financial dropped their target price on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Citizens Jmp restated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $23.00 target price on NexPoint Residential Trust in a research note on Wednesday, September 9th. Finally, Weiss Ratings raised NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $20.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NXRT. Bank of New York Mellon Corp acquired a new stake in shares of NexPoint Residential Trust in the 2nd quarter valued at approximately $4,002,000. Paralel Advisors LLC bought a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at approximately $2,013,000. Legal & General Group Plc bought a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at approximately $1,311,000. Public Employees Retirement System of Ohio acquired a new position in NexPoint Residential Trust during the 2nd quarter worth approximately $998,000. Finally, Bank of America Corp DE bought a new position in NexPoint Residential Trust in the 2nd quarter valued at approximately $1,591,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.