NexPoint Residential Trust (NYSE:NXRT) Insider Paul Richards Acquires 3,000 Shares of Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards purchased 3,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was acquired at an average cost of $16.78 per share, with a total value of $50,340.00. Following the transaction, the insider directly owned 35,103 shares in the company, valued at $589,028.34. This trade represents a 9.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, November 9th, Paul Richards acquired 2,800 shares of NexPoint Residential Trust stock. The stock was bought at an average price of $15.91 per share, for a total transaction of $44,548.00.
• On Friday, November 6th, Paul Richards bought 500 shares of NexPoint Residential Trust stock. The shares were bought at an average cost of $16.33 per share, with a total value of $8,165.00.

NexPoint Residential Trust Price Performance

NXRT stock opened at $15.80 on Tuesday. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.69 and a quick ratio of 1.92. The firm has a market capitalization of $403.64 million, a P/E ratio of -10.75, a P/E/G ratio of 0.31 and a beta of 1.15. The business’s 50-day moving average is $19.90 and its two-hundred day moving average is $25.51. NexPoint Residential Trust, Inc. has a 1 year low of $15.72 and a 1 year high of $32.36.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data 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 return on equity of 14.29% and a negative net margin of 14.59%. The company had revenue of $64.47 million for the quarter, compared to analyst estimates of $64.87 million. Analysts anticipate 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. Investors of record on Tuesday, December 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 13.4%. NexPoint Residential Trust’s payout ratio is presently -144.22%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Wall Street Zen lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings upgraded NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Finally, Zacks Research downgraded NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, NexPoint Residential Trust currently has an average rating of “Reduce” and an average target price of $20.50.

NexPoint Residential Trust News Roundup

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.

Institutional Investors Weigh In On NexPoint Residential Trust

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of NexPoint Residential Trust during the second quarter worth approximately $118,748,000. Flax Pond Capital LLC purchased a new stake in NexPoint Residential Trust in the 1st quarter valued at $4,047,000. Bank of New York Mellon Corp purchased a new stake in NexPoint Residential Trust in the 2nd quarter valued at $4,002,000. Principal Financial Group Inc. boosted its stake in NexPoint Residential Trust by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 106,249 shares of the financial services provider’s stock worth $2,656,000 after purchasing an additional 2,146 shares during the period. Finally, Paralel Advisors LLC acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth $2,013,000. 76.61% of the stock is owned by institutional investors and hedge funds.

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.