NexPoint Residential Trust (NYSE:NXRT) Insider Matt Mcgraner Buys 2,000 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner acquired 2,000 shares of the company’s stock in a transaction on Friday, March 20th. The shares were bought at an average price of $24.37 per share, with a total value of $48,740.00. Following the completion of the purchase, the insider directly owned 331,334 shares of the company’s stock, valued at approximately $8,074,609.58. This represents a 0.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, March 11th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $26.14 per share, for a total transaction of $26,140.00.
• On Monday, March 9th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $26.39 per share, for a total transaction of $26,390.00.
• On Thursday, March 5th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The shares were purchased at an average price of $27.79 per share, with a total value of $27,790.00.

NexPoint Residential Trust Trading Up 0.4%

Shares of NXRT stock opened at $25.18 on Thursday. NexPoint Residential Trust, Inc. has a 12-month low of $23.85 and a 12-month high of $40.78. The company has a market capitalization of $639.77 million, a P/E ratio of -19.83 and a beta of 1.19. The firm has a 50-day moving average price of $28.76 and a 200 day moving average price of $30.23. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 5.27.

NexPoint Residential Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Friday, March 13th. NexPoint Residential Trust’s payout ratio is presently -166.93%.

Hedge Funds Weigh In On NexPoint Residential Trust

Several hedge funds have recently added to or reduced their stakes in NXRT. Smartleaf Asset Management LLC increased its position in NexPoint Residential Trust by 205.0% in the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 576 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in NexPoint Residential Trust by 27.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 386 shares during the period. Versant Capital Management Inc lifted its position in NexPoint Residential Trust by 334.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,491 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of NexPoint Residential Trust by 121.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of NexPoint Residential Trust in the 4th quarter valued at about $96,000. Institutional investors own 76.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NXRT. Truist Financial dropped their price target on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Raymond James Financial reissued an “underperform” rating on shares of NexPoint Residential Trust in a research note on Friday, February 27th. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday, March 10th. Finally, Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $34.75.

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.