NexPoint Residential Trust Inc (NXRT) Sees Large Volume Increase
NexPoint Residential Trust Inc (NASDAQ:NXRT) saw strong trading volume on Thursday . 115,032 shares traded hands 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.
A number of analysts have issued reports on the stock. DA Davidson reiterated a “buy” rating and set a $23.00 price target on shares of NexPoint Residential Trust in a research note on Monday, August 15th. Canaccord Genuity started coverage on NexPoint Residential Trust in a research report on Tuesday, June 28th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Zacks Investment Research downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 17th.
The company has a 50-day moving average price of $19.65 and a 200 day moving average price of $15.21.
NexPoint Residential Trust (NASDAQ:NXRT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $33.70 million for the quarter, compared to analyst estimates of $33.50 million. On average, analysts forecast 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. Investors of record on Thursday, September 15th will be paid a dividend of $0.206 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, September 13th.
In other NexPoint Residential Trust news, insider James D. Dondero purchased 7,800 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were purchased at an average cost of $19.25 per share, with a total value of $150,150.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
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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