NexPoint Residential Trust (NYSE:NXRT) Insider Purchases 6,082 Shares of Company Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner acquired 6,082 shares of the firm’s stock in a transaction on Friday, November 6th. The shares were bought at an average cost of $16.38 per share, for a total transaction of $99,623.16. Following the completion of the acquisition, the insider owned 373,597 shares of the company’s stock, valued at approximately $6,119,518.86. This represents a 1.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, November 5th, Matt Mcgraner bought 5,910 shares of NexPoint Residential Trust stock. The stock was bought at an average price of $16.86 per share, for a total transaction of $99,642.60.
• On Monday, October 5th, Matt Mcgraner bought 5,500 shares of NexPoint Residential Trust stock. The shares were bought at an average cost of $18.42 per share, with a total value of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner purchased 5,280 shares of NexPoint Residential Trust stock. The stock was bought at an average cost of $18.89 per share, for a total transaction of $99,739.20.

NexPoint Residential Trust Price Performance

NXRT stock traded down $0.46 during trading on Monday, hitting $15.80. The stock had a trading volume of 679,878 shares, compared to its average volume of 465,244. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.69 and a quick ratio of 1.92. NexPoint Residential Trust, Inc. has a twelve month low of $15.72 and a twelve month high of $32.36. The stock has a market capitalization of $403.64 million, a P/E ratio of -10.75, a PEG ratio of 0.31 and a beta of 1.15. The company’s 50-day moving average price is $19.90 and its two-hundred day moving average price is $25.51.

NexPoint Residential Trust (NYSE:NXRT) last announced its 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 firm had revenue of $64.47 million for the quarter, compared to analyst estimates of $64.87 million. NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. As a group, research analysts predict that NexPoint Residential Trust, Inc. will post 2.23 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.12 dividend on an annualized basis and a yield of 13.4%. NexPoint Residential Trust’s dividend payout ratio is presently -144.22%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of institutional investors have recently made changes to their positions in NXRT. PNC Financial Services Group Inc. raised its stake in shares of NexPoint Residential Trust by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 397 shares during the period. Cetera Investment Advisers lifted its holdings in shares of NexPoint Residential Trust by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 9,378 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 498 shares during the last quarter. Allworth Financial LP boosted its position in shares of NexPoint Residential Trust by 95.0% during the 2nd quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 571 shares during the period. Resona Asset Management Co. Ltd. boosted its position in shares of NexPoint Residential Trust by 6.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,711 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 596 shares during the period. Finally, Burford Brothers Inc. boosted its position in shares of NexPoint Residential Trust by 2.9% during the 2nd quarter. Burford Brothers Inc. now owns 24,559 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 690 shares during the period. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NXRT. Zacks Research lowered NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Truist Financial cut their price objective on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Weiss Ratings raised shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Finally, Deutsche Bank Aktiengesellschaft set a $23.00 price target on shares of NexPoint Residential Trust in a report on Wednesday, September 9th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $20.50.

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.