Matt Mcgraner Acquires 1,000 Shares of NexPoint Residential Trust (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average cost of $26.39 per share, with a total value of $26,390.00. Following the completion of the acquisition, the insider directly owned 315,821 shares of the company’s stock, valued at $8,334,516.19. This represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, March 5th, Matt Mcgraner acquired 1,000 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $27.79 per share, with a total value of $27,790.00.

NexPoint Residential Trust Stock Performance

NXRT traded down $0.50 during trading on Wednesday, reaching $26.31. The company’s stock had a trading volume of 198,098 shares, compared to its average volume of 203,044. The company has a debt-to-equity ratio of 5.27, a quick ratio of 2.27 and a current ratio of 2.27. The company’s fifty day moving average price is $29.82 and its 200-day moving average price is $30.85. NexPoint Residential Trust, Inc. has a 52-week low of $26.00 and a 52-week high of $40.78. The company has a market capitalization of $668.49 million, a price-to-earnings ratio of -20.71 and a beta of 1.19.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, March 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -166.93%.

Hedge Funds Weigh In On NexPoint Residential Trust

Several hedge funds have recently bought and sold shares of NXRT. Federation des caisses Desjardins du Quebec raised its holdings in NexPoint Residential Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 386 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in NexPoint Residential Trust by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 402 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of NexPoint Residential Trust by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 53,707 shares of the financial services provider’s stock valued at $1,617,000 after buying an additional 421 shares in the last quarter. Capital Square LLC increased its position in shares of NexPoint Residential Trust by 2.8% in the second quarter. Capital Square LLC now owns 15,831 shares of the financial services provider’s stock valued at $540,000 after buying an additional 429 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of NexPoint Residential Trust by 3.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider’s stock worth $441,000 after buying an additional 488 shares during the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wall Street Zen lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Tuesday. Truist Financial set a $27.00 price target on shares of NexPoint Residential Trust in a research note on Wednesday. Raymond James Financial reiterated an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday, February 27th. Finally, Zacks Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, NexPoint Residential Trust presently has a consensus rating of “Reduce” and a consensus target price of $37.83.

About NexPoint Residential Trust

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.