NexPoint Residential Trust (NYSE:NXRT) Stock: Insider Matt Mcgraner Purchases 5,910 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner acquired 5,910 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were bought at an average cost of $16.86 per share, with a total value of $99,642.60. Following the completion of the acquisition, the insider directly owned 367,515 shares in the company, valued at approximately $6,196,302.90. This represents a 1.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 6th, Matt Mcgraner acquired 6,082 shares of NexPoint Residential Trust stock. The stock was bought at an average cost of $16.38 per share, with a total value of $99,623.16.
• On Monday, October 5th, Matt Mcgraner bought 5,500 shares of NexPoint Residential Trust stock. The stock was bought at an average price of $18.42 per share, for a total transaction of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner bought 5,280 shares of NexPoint Residential Trust stock. The shares were bought at an average cost of $18.89 per share, for a total transaction of $99,739.20.

NexPoint Residential Trust Stock Down 0.1%

Shares of NYSE:NXRT opened at $15.74 on Wednesday. The stock has a market cap of $402.16 million, a price-to-earnings ratio of -10.71, a PEG ratio of 0.27 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 7.10. NexPoint Residential Trust, Inc. has a 12-month low of $15.46 and a 12-month high of $32.36. The business’s 50 day moving average is $19.74 and its 200 day moving average is $25.44.

NexPoint Residential Trust (NYSE:NXRT) last released 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). 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 during the quarter, compared to analysts’ expectations of $64.87 million. On average, sell-side analysts forecast that NexPoint Residential Trust, Inc. will post 2.23 earnings per share for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.53 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.12 annualized dividend and a dividend yield of 13.5%. NexPoint Residential Trust’s dividend payout ratio is presently -144.22%.

Trending Headlines about NexPoint Residential Trust

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

• Positive Sentiment: Insiders Paul Richards and Matt McGraner bought a combined 18,292 shares for about $302,000 in transactions from Nov. 5–9, increasing their holdings. The buying may indicate confidence in NXRT at recent prices. Insider purchase report
• Negative Sentiment: Director Brian Mitts sold 15,000 shares for about $256,000, cutting his stake by nearly 25%. The sale could temper the positive signal from other insiders’ purchases.
• Negative Sentiment: Recent results provide a challenging backdrop: quarterly EPS and revenue both missed analyst expectations. Wall Street Zen also recently downgraded NXRT to “sell,” and the analyst consensus cited in the report was “reduce.” Shares were trading near their 52-week low, reflecting continued pressure.

Institutional Investors Weigh In On NexPoint Residential Trust

Large investors have recently modified their holdings of the stock. Paralel Advisors LLC lifted its stake in NexPoint Residential Trust by 12.9% in the third 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. grew its holdings in NexPoint Residential Trust by 18.1% during the third quarter. Russell Investments Group Ltd. now owns 48,310 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 7,421 shares during the period. Alps Advisors Inc. grew its holdings in NexPoint Residential Trust by 20.1% during the third quarter. Alps Advisors Inc. now owns 10,550 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 1,765 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position 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 buying an additional 3,800 shares during the last quarter. Finally, Signaturefd LLC increased its position in NexPoint Residential Trust by 183.0% in the third quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock worth $67,000 after buying an additional 2,235 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on NXRT shares. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Truist Financial cut 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. Zacks Research downgraded 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 objective on NexPoint Residential Trust in a research note on Wednesday, September 9th. Finally, Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently 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.