Matt Mcgraner Purchases 1,000 Shares of NexPoint Residential Trust Inc (NXRT) Stock
NexPoint Residential Trust Inc (NASDAQ:NXRT) insider Matt Mcgraner purchased 1,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were purchased at an average cost of $18.50 per share, for a total transaction of $18,500.00. Following the completion of the transaction, the insider now directly owns 13,573 shares of the company’s stock, valued at approximately $251,100.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NexPoint Residential Trust Inc (NASDAQ:NXRT) opened at 17.96 on Friday. NexPoint Residential Trust Inc has a 1-year low of $10.35 and a 1-year high of $21.47. The company has a 50 day moving average of $20.09 and a 200 day moving average of $17.11.
NexPoint Residential Trust (NASDAQ:NXRT) last released its earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The business had revenue of $33.70 million for the quarter, compared to the consensus estimate of $33.50 million. Equities research analysts forecast that NexPoint Residential Trust Inc will post $1.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.206 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Tuesday, September 13th.
A hedge fund recently bought a new stake in NexPoint Residential Trust stock. Wedge Capital Management L L P NC acquired a new position in shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,608 shares of the company’s stock, valued at approximately $1,358,000.
Several equities analysts have commented on NXRT shares. DA Davidson reiterated a “buy” rating and issued a $23.00 price objective on shares of NexPoint Residential Trust in a report on Monday, August 15th. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 30th. Compass Point started coverage on shares of NexPoint Residential Trust in a report on Friday, September 23rd. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, Canaccord Genuity started coverage on shares of NexPoint Residential Trust in a report on Tuesday, June 28th. They issued a “buy” rating and a $20.00 price objective on the stock.
About NexPoint Residential Trust
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company’s business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P.
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