NexPoint Residential Trust Inc (NXRT) Sees Strong Trading Volume
NexPoint Residential Trust Inc (NASDAQ:NXRT) saw strong trading volume on Thursday . 115,032 shares were traded during trading, a decline of 7% from the previous session’s volume of 123,544 shares.The stock last traded at $20.95 and had previously closed at $21.00.
Several equities research analysts recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $23.00 price target on shares of NexPoint Residential Trust in a research note on Monday. Zacks Investment Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 30th. Finally, Canaccord Genuity assumed coverage on shares of NexPoint Residential Trust in a research report on Tuesday, June 28th. They issued a “buy” rating and a $20.00 target price for the company.
The firm has a 50 day moving average of $19.58 and a 200-day moving average of $15.14.
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 the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The company earned $33.70 million during the quarter, compared to analyst estimates of $33.50 million. Analysts anticipate that NexPoint Residential Trust Inc will post $1.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders 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 annualized dividend and a yield of 3.93%.
In other NexPoint Residential Trust news, insider James D. Dondero bought 7,800 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was bought at an average cost of $19.25 per share, with a total value of $150,150.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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