NexPoint Residential Trust Inc (NXRT) Stock Price Up 0.8%
NexPoint Residential Trust Inc (NASDAQ:NXRT) shares traded up 0.8% during trading on Wednesday . The company traded as high as $20.97 and last traded at $20.86, with a volume of 52,261 shares changing hands. The stock had previously closed at $20.70.
A number of research analysts have recently commented on the company. DA Davidson reiterated a “buy” rating and issued a $23.00 price target on shares of NexPoint Residential Trust in a research note on Friday, August 26th. Zacks Investment Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 30th. Finally, Canaccord Genuity began coverage on NexPoint Residential Trust in a report on Tuesday, June 28th. They issued a “buy” rating and a $20.00 price objective for the company.
The firm’s 50 day moving average price is $19.96 and its 200-day moving average price is $15.82.
NexPoint Residential Trust (NASDAQ:NXRT) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business earned $33.70 million during the quarter, compared to analysts’ expectations of $33.50 million. On average, analysts predict that NexPoint Residential Trust Inc will post $1.41 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.206 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.82 dividend on an annualized basis and a yield of 3.98%.
In other NexPoint Residential Trust news, insider James D. Dondero acquired 7,800 shares of NexPoint Residential Trust stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average cost of $19.25 per share, for a total transaction of $150,150.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward N. Constantino acquired 4,815 shares of NexPoint Residential Trust stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average price of $20.77 per share, with a total value of $100,007.55. Following the completion of the purchase, the director now directly owns 12,175 shares in the company, valued at approximately $252,874.75. The disclosure for this purchase can be found here.
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company’s business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P.
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