NexPoint Residential Trust (NYSE:NXRT) Insider Acquires $50,340.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards acquired 3,000 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were bought at an average price of $16.78 per share, for a total transaction of $50,340.00. Following the completion of the acquisition, the insider owned 35,103 shares in the company, valued at approximately $589,028.34. This trade represents a 9.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Paul Richards also recently made the following trade(s):

• On Monday, November 9th, Paul Richards bought 2,800 shares of NexPoint Residential Trust stock. The stock was bought at an average cost of $15.91 per share, for a total transaction of $44,548.00.
• On Friday, November 6th, Paul Richards bought 500 shares of NexPoint Residential Trust stock. The stock was bought at an average price of $16.33 per share, with a total value of $8,165.00.

NexPoint Residential Trust Trading Down 2.8%

NXRT stock traded down $0.46 on Monday, hitting $15.80. 679,878 shares of the company were exchanged, compared to its average volume of 465,244. NexPoint Residential Trust, Inc. has a twelve month low of $15.72 and a twelve month high of $32.36. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.69 and a quick ratio of 1.92. The business’s fifty day moving average is $19.90 and its two-hundred day moving average is $25.51. The stock has a market capitalization of $403.64 million, a price-to-earnings ratio of -10.75, a price-to-earnings-growth ratio of 0.31 and a beta of 1.15.

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

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.12 annualized dividend and a dividend yield of 13.4%. NexPoint Residential Trust’s payout ratio is currently -144.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Wall Street Zen lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research lowered NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft set a $23.00 price target on shares of NexPoint Residential Trust in a report on Wednesday, September 9th. Finally, Weiss Ratings raised shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 27th. Three equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $20.50.

Institutional Trading of NexPoint Residential Trust

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new stake in NexPoint Residential Trust in the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC purchased a new position in NexPoint Residential Trust in the second quarter valued at about $39,000. PNC Financial Services Group Inc. raised its position in NexPoint Residential Trust by 29.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 397 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of NexPoint Residential Trust during the second quarter worth about $51,000. Finally, Signaturefd LLC lifted its stake in shares of NexPoint Residential Trust by 183.0% during the third quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 2,235 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.