NexPoint Residential Trust (NYSE:NXRT) Stock: Insider Matt Mcgraner Acquires 5,910 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner purchased 5,910 shares of NexPoint Residential Trust stock in a transaction dated Thursday, November 5th. The stock was bought at an average price of $16.86 per share, with a total value of $99,642.60. Following the completion of the transaction, the insider owned 367,515 shares of the company’s stock, valued at $6,196,302.90. This represents a 1.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Matt Mcgraner also recently made the following trade(s):

• On Friday, November 6th, Matt Mcgraner acquired 6,082 shares of NexPoint Residential Trust stock. The shares were bought at an average price of $16.38 per share, for a total transaction of $99,623.16.
• On Monday, October 5th, Matt Mcgraner acquired 5,500 shares of NexPoint Residential Trust stock. The shares were bought at an average cost of $18.42 per share, for a total transaction of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner acquired 5,280 shares of NexPoint Residential Trust stock. The shares were bought at an average cost of $18.89 per share, for a total transaction of $99,739.20.

NexPoint Residential Trust Price Performance

NYSE NXRT traded down $0.46 during trading hours on Monday, hitting $15.80. The company had a trading volume of 679,878 shares, compared to its average volume of 465,244. The company has a debt-to-equity ratio of 7.10, a quick ratio of 1.92 and a current ratio of 1.69. The firm has a market capitalization of $403.64 million, a price-to-earnings ratio of -10.75, 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 firm has a 50 day simple moving average of $19.90 and a 200 day simple moving average of $25.51.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.04). NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. The company had revenue of $64.47 million for the quarter, compared to the consensus estimate of $64.87 million. Equities research analysts expect 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. Investors of record on Tuesday, December 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.12 annualized dividend and a yield of 13.4%. NexPoint Residential Trust’s payout ratio is currently -144.22%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NXRT shares. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Truist Financial decreased their price target on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, September 29th. Zacks Research downgraded NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on NexPoint Residential Trust in a research report on Wednesday, September 9th. Finally, Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $20.50.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in NexPoint Residential Trust by 18.1% in the third quarter. Russell Investments Group Ltd. now owns 48,310 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 7,421 shares in the last quarter. Alps Advisors Inc. grew its stake in NexPoint Residential Trust by 20.1% in the 3rd quarter. Alps Advisors Inc. now owns 10,550 shares of the financial services provider’s stock worth $206,000 after buying an additional 1,765 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in NexPoint Residential Trust by 10.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 40,800 shares of the financial services provider’s stock worth $796,000 after buying an additional 3,800 shares in the last quarter. Signaturefd LLC increased its holdings in shares of NexPoint Residential Trust by 183.0% in the 3rd quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock worth $67,000 after buying an additional 2,235 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of NexPoint Residential Trust by 52.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 13,837 shares of the financial services provider’s stock worth $270,000 after buying an additional 4,744 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors.

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.