NexPoint Residential Trust (NYSE:NXRT) Insider Matt Mcgraner Acquires 6,365 Shares of Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner purchased 6,365 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was bought at an average cost of $15.70 per share, for a total transaction of $99,930.50. Following the purchase, the insider directly owned 379,962 shares in the company, valued at $5,965,403.40. This represents a 1.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 shares were bought at an average price of $16.38 per share, for a total transaction of $99,623.16.
• On Thursday, November 5th, Matt Mcgraner acquired 5,910 shares of NexPoint Residential Trust stock. The shares were purchased at an average cost of $16.86 per share, with a total value of $99,642.60.
• On Monday, October 5th, Matt Mcgraner bought 5,500 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $18.42 per share, with a total value of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner bought 5,280 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $18.89 per share, with a total value of $99,739.20.

NexPoint Residential Trust Trading Up 1.2%

Shares of NexPoint Residential Trust stock traded up $0.18 during trading on Friday, hitting $15.54. The stock had a trading volume of 381,434 shares, compared to its average volume of 343,832. The stock has a 50 day simple moving average of $19.41 and a 200 day simple moving average of $25.29. The company has a market capitalization of $397.17 million, a PE ratio of -10.57, a P/E/G 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 1 year low of $15.26 and a 1 year high of $32.36.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.04). The firm had revenue of $64.47 million for the quarter, compared to analyst estimates of $64.87 million. NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. On average, research analysts expect that NexPoint Residential Trust, Inc. will post 2.23 EPS 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. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend is Tuesday, December 15th. NexPoint Residential Trust’s payout ratio is -144.22%.

Hedge Funds Weigh In On NexPoint Residential Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in NexPoint Residential Trust during the 2nd quarter valued at approximately $118,748,000. Flax Pond Capital LLC bought a new stake in NexPoint Residential Trust in the 1st quarter valued at $4,047,000. Bank of New York Mellon Corp acquired a new position in NexPoint Residential Trust in the second quarter worth about $4,002,000. Paralel Advisors LLC acquired a new position in shares of NexPoint Residential Trust in the 2nd quarter worth approximately $2,013,000. Finally, Bank of America Corp DE acquired a new position in NexPoint Residential Trust during the second quarter worth $1,591,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Truist Financial decreased their price objective on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. Zacks Research cut NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Weiss Ratings downgraded NexPoint Residential Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Finally, Wall Street Zen lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Three equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, NexPoint Residential Trust presently has a consensus rating of “Reduce” and an average price target of $20.50.

NexPoint Residential Trust Company Profile

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.