Insider Buying: NexPoint Residential Trust (NYSE:NXRT) Insider Acquires $99,623.16 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner acquired 6,082 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was purchased at an average price of $16.38 per share, with a total value of $99,623.16. Following the purchase, the insider owned 373,597 shares in the company, valued at approximately $6,119,518.86. The trade was a 1.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, November 5th, Matt Mcgraner bought 5,910 shares of NexPoint Residential Trust stock. The shares were purchased at an average cost of $16.86 per share, for a total transaction of $99,642.60.
• On Monday, October 5th, Matt Mcgraner bought 5,500 shares of NexPoint Residential Trust stock. The stock was acquired at an average price of $18.42 per share, for a total transaction of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner bought 5,280 shares of NexPoint Residential Trust stock. The stock was acquired at an average price of $18.89 per share, for a total transaction of $99,739.20.

NexPoint Residential Trust Stock Performance

NXRT stock opened at $15.42 on Thursday. The firm has a market cap of $393.96 million, a PE ratio of 6.05, a P/E/G ratio of 0.27 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 7.10. The business has a 50 day moving average of $19.58 and a 200-day moving average of $25.36. NexPoint Residential Trust, Inc. has a 12-month low of $15.32 and a 12-month high of $32.36.

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 business had revenue of $64.47 million for the quarter, compared to analysts’ expectations of $64.87 million. NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. As a group, sell-side analysts expect that NexPoint Residential Trust, Inc. will post 2.23 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Zacks Research lowered NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. 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. Wall Street Zen lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Deutsche Bank set a $23.00 price target on shares of NexPoint Residential Trust in a research report on Wednesday, September 9th. Finally, Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust currently has a consensus rating of “Reduce” and a consensus price target of $20.50.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new position in NexPoint Residential Trust during the second quarter worth about $33,000. Ameritas Advisory Services LLC bought a new stake in shares of NexPoint Residential Trust in the second quarter valued at approximately $39,000. PNC Financial Services Group Inc. raised its position in shares of NexPoint Residential Trust by 29.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 397 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at approximately $51,000. Finally, Signaturefd LLC lifted its stake in shares of NexPoint Residential Trust by 183.0% during the 3rd quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock valued at $67,000 after buying an additional 2,235 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

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.