NexPoint Residential Trust (NYSE:NXRT) Insider Matt Mcgraner Buys 1,000 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner bought 1,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average cost of $26.39 per share, with a total value of $26,390.00. Following the completion of the purchase, the insider directly owned 315,821 shares in the company, valued at $8,334,516.19. This represents a 0.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, March 5th, Matt Mcgraner purchased 1,000 shares of NexPoint Residential Trust stock. The stock was bought at an average cost of $27.79 per share, for a total transaction of $27,790.00.

NexPoint Residential Trust Stock Up 0.8%

Shares of NXRT traded up $0.22 during midday trading on Thursday, hitting $26.54. The company had a trading volume of 38,935 shares, compared to its average volume of 199,586. NexPoint Residential Trust, Inc. has a 1 year low of $26.00 and a 1 year high of $40.78. The firm has a market capitalization of $674.25 million, a P/E ratio of -20.89 and a beta of 1.19. The company has a debt-to-equity ratio of 5.27, a quick ratio of 2.27 and a current ratio of 2.27. The company’s 50-day simple moving average is $29.75 and its 200-day simple moving average is $30.81.

NexPoint Residential Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.53 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a yield of 8.0%. NexPoint Residential Trust’s payout ratio is currently -166.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday. Finally, Truist Financial set a $27.00 price objective on NexPoint Residential Trust in a research report on Wednesday. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $37.83.

Institutional Trading of NexPoint Residential Trust

Several institutional investors and hedge funds have recently bought and sold shares of NXRT. Royal Bank of Canada boosted its stake in NexPoint Residential Trust by 5.7% during the 1st quarter. Royal Bank of Canada now owns 54,612 shares of the financial services provider’s stock worth $2,159,000 after purchasing an additional 2,942 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of NexPoint Residential Trust in the first quarter valued at about $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NexPoint Residential Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock worth $525,000 after buying an additional 573 shares during the period. Millennium Management LLC boosted its stake in shares of NexPoint Residential Trust by 15.6% during the first quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after buying an additional 44,391 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of NexPoint Residential Trust by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,034 shares of the financial services provider’s stock worth $5,219,000 after buying an additional 7,217 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.