NexPoint Residential Trust (NYSE:NXRT) Insider Paul Richards Buys 2,800 Shares of Company Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards purchased 2,800 shares of NexPoint Residential Trust stock in a transaction dated Monday, November 9th. The stock was bought at an average price of $15.91 per share, with a total value of $44,548.00. Following the completion of the purchase, the insider directly owned 38,403 shares of the company’s stock, valued at approximately $610,991.73. This trade represents a 7.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, November 6th, Paul Richards bought 500 shares of NexPoint Residential Trust stock. The stock was bought at an average cost of $16.33 per share, with a total value of $8,165.00.
• On Thursday, November 5th, Paul Richards acquired 3,000 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $16.78 per share, with a total value of $50,340.00.

NexPoint Residential Trust Stock Performance

Shares of NYSE NXRT opened at $15.80 on Tuesday. NexPoint Residential Trust, Inc. has a 12-month low of $15.72 and a 12-month high of $32.36. The firm 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. The company has a current ratio of 1.69, a quick ratio of 1.92 and a debt-to-equity ratio of 7.10. The firm has a 50 day moving average of $19.90 and a 200 day moving average of $25.51.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data 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). NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. The company had revenue of $64.47 million for the quarter, compared to analysts’ expectations of $64.87 million. On average, research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.23 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

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

Key Headlines Impacting NexPoint Residential Trust

Here are the key news stories impacting NexPoint Residential Trust this week:

• Positive Sentiment: Insiders Paul Richards and Matt McGraner reported buying a combined 18,292 shares for about $302,319 across transactions from Nov. 5–9. The purchases increased their respective holdings and may signal confidence in NXRT’s prospects. SEC filing for Richards’ purchases SEC filing for McGraner’s purchases
• Negative Sentiment: Director Brian Mitts sold 15,000 shares for about $256,050, reducing his stake by nearly 25%. The sale could weigh on sentiment, although the insider buying was larger in aggregate. SEC filing for Mitts’ sale
• Negative Sentiment: Recent quarterly results missed expectations: NXRT reported EPS of ($0.45) versus consensus of ($0.41), while revenue also came in slightly below estimates. The stock is trading near its 52-week low, reinforcing the pressure on shares.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NXRT shares. Weiss Ratings upgraded NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft set a $23.00 target price on shares of NexPoint Residential Trust in a report on Wednesday, September 9th. Truist Financial lowered their price objective on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, September 29th. Wall Street Zen lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $20.50.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of NexPoint Residential Trust by 18.1% in the 3rd 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 period. Alps Advisors Inc. increased its holdings in shares of NexPoint Residential Trust by 20.1% in the 3rd quarter. Alps Advisors Inc. now owns 10,550 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 1,765 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of NexPoint Residential Trust by 10.3% during the 3rd 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. Signaturefd LLC lifted its stake in shares of NexPoint Residential Trust by 183.0% during the 3rd 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 during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in NexPoint Residential Trust by 52.2% in the third quarter. Evergreen Capital Management LLC now owns 13,837 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 4,744 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

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.