NexPoint Residential Trust (NYSE:NXRT) Director Sells $256,050.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $17.07, for a total transaction of $256,050.00. Following the completion of the sale, the director directly owned 45,289 shares in the company, valued at $773,083.23. This represents a 24.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NexPoint Residential Trust Trading Down 2.3%

Shares of NexPoint Residential Trust stock opened at $15.42 on Thursday. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.69 and a quick ratio of 1.69. NexPoint Residential Trust, Inc. has a 1 year low of $15.32 and a 1 year high of $32.36. The firm has a market cap of $393.96 million, a PE ratio of 6.05, a PEG ratio of 0.27 and a beta of 1.15. The company has a 50 day simple moving average of $19.58 and a two-hundred day simple moving average of $25.36.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.04). The company had revenue of $64.47 million during the quarter, compared to the consensus estimate of $64.87 million. NexPoint Residential Trust had a negative return on equity of 14.29% and a negative net margin of 14.59%. Analysts expect that NexPoint Residential Trust, Inc. will post 2.23 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a $0.53 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.12 annualized dividend and a yield of 13.7%. NexPoint Residential Trust’s payout ratio is -144.22%.

Institutional Investors Weigh In On NexPoint Residential Trust

Hedge funds have recently made changes to their positions in the business. Paralel Advisors LLC grew its holdings in shares of NexPoint Residential Trust by 12.9% during the 3rd quarter. Paralel Advisors LLC now owns 81,382 shares of the financial services provider’s stock valued at $1,588,000 after purchasing an additional 9,300 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in NexPoint Residential Trust by 18.1% in the third quarter. Russell Investments Group Ltd. now owns 48,310 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 7,421 shares during the last quarter. Alps Advisors Inc. lifted its stake in NexPoint Residential Trust by 20.1% in the third quarter. Alps Advisors Inc. now owns 10,550 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 1,765 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in NexPoint Residential Trust by 10.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 40,800 shares of the financial services provider’s stock worth $796,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Signaturefd LLC boosted its position in NexPoint Residential Trust by 183.0% during the third quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock valued at $67,000 after buying an additional 2,235 shares during the period. 76.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank set a $23.00 target price on NexPoint Residential Trust in a research note on Wednesday, September 9th. Zacks Research lowered NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. Truist Financial reduced their price objective on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, September 29th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $20.50.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc. is a publicly traded real estate investment trust that owns and operates multifamily apartment communities in the United States. Its portfolio is concentrated in markets across the Southeast and Southwest. The company focuses primarily on garden-style apartment properties and pursues a value-add strategy, investing in renovations and operational improvements intended to enhance its communities. Its properties provide rental housing, including options aimed at middle-income residents.