NexPoint Residential Trust (NYSE:NXRT) Insider Buys $50,340.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards acquired 3,000 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were purchased at an average cost of $16.78 per share, with a total value of $50,340.00. Following the acquisition, the insider owned 35,103 shares of the company’s stock, valued at approximately $589,028.34. This represents a 9.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Paul Richards also recently made the following trade(s):

• On Monday, November 9th, Paul Richards bought 2,800 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $15.91 per share, with a total value of $44,548.00.
• On Friday, November 6th, Paul Richards bought 500 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $16.33 per share, with a total value of $8,165.00.

NexPoint Residential Trust Stock Down 2.3%

Shares of NXRT opened at $15.42 on Thursday. The company has a market capitalization of $393.96 million, a P/E ratio of 6.05, a PEG ratio of 0.27 and a beta of 1.15. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.69 and a quick ratio of 1.69. NexPoint Residential Trust, Inc. has a one year low of $15.32 and a one year high of $32.36. The business’s 50 day simple moving average is $19.58 and its 200-day simple moving average is $25.36.

NexPoint Residential Trust (NYSE:NXRT) last released 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). NexPoint Residential Trust had a negative return on equity of 14.29% and a negative net margin of 14.59%. The business had revenue of $64.47 million for the quarter, compared to the consensus estimate of $64.87 million. As a group, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.23 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The firm 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 $0.53 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.12 dividend on an annualized basis and a yield of 13.7%. NexPoint Residential Trust’s payout ratio is currently -144.22%.

Analyst Ratings Changes

Several analysts have recently commented on NXRT shares. Truist Financial decreased their target price on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, September 29th. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Deutsche Bank set a $23.00 price target on shares of NexPoint Residential Trust in a research report on Wednesday, September 9th. Weiss Ratings raised shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Finally, Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $20.50.

Institutional Trading of NexPoint Residential Trust

A number of hedge funds and other institutional investors have recently modified their holdings of NXRT. BlackRock Inc. acquired a new position in NexPoint Residential Trust during the 2nd quarter worth $118,748,000. Flax Pond Capital LLC acquired a new stake in shares of NexPoint Residential Trust in the 1st quarter valued at $4,047,000. Bank of New York Mellon Corp acquired a new stake in shares of NexPoint Residential Trust in the 2nd quarter valued at $4,002,000. Paralel Advisors LLC acquired a new stake in shares of NexPoint Residential Trust in the 2nd quarter valued at $2,013,000. Finally, Bank of America Corp DE bought a new stake in shares of NexPoint Residential Trust during the second quarter worth $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. is a publicly traded real estate investment trust that owns and operates multifamily apartment communities in the United States. Its portfolio is concentrated in markets across the Southeast and Southwest. The company focuses primarily on garden-style apartment properties and pursues a value-add strategy, investing in renovations and operational improvements intended to enhance its communities. Its properties provide rental housing, including options aimed at middle-income residents.