Brian Mitts Sells 5,000 Shares of NexPoint Residential Trust (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $30.52, for a total transaction of $152,600.00. Following the sale, the director directly owned 60,900 shares of the company’s stock, valued at approximately $1,858,668. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Brian Mitts also recently made the following trade(s):

• On Friday, August 15th, Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock. The shares were sold at an average price of $30.92, for a total transaction of $154,600.00.

NexPoint Residential Trust Trading Up 1.4%

NYSE NXRT traded up $0.42 during trading on Tuesday, reaching $30.89. 125,988 shares of the stock traded hands, compared to its average volume of 154,997. The firm has a market cap of $783.40 million, a price-to-earnings ratio of -16.09 and a beta of 1.09. The stock’s 50-day moving average price is $32.23 and its 200 day moving average price is $33.49. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.55. NexPoint Residential Trust, Inc. has a fifty-two week low of $29.93 and a fifty-two week high of $48.31.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $62.83 million during the quarter, compared to analysts’ expectations of $63.04 million. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Analysts predict that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 6.9%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.51. The ex-dividend date is Monday, December 15th. NexPoint Residential Trust’s dividend payout ratio is currently -106.25%.

Analyst Ratings Changes

NXRT has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Zacks Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Truist Financial reduced their price target on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a report on Tuesday, August 12th. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NexPoint Residential Trust has an average rating of “Reduce” and a consensus price target of $40.88.

Institutional Trading of NexPoint Residential Trust

Large investors have recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in NexPoint Residential Trust in the first quarter valued at $53,000. Ameritas Advisory Services LLC acquired a new stake in NexPoint Residential Trust in the second quarter valued at $47,000. Quantbot Technologies LP acquired a new stake in NexPoint Residential Trust in the first quarter valued at $56,000. Versant Capital Management Inc lifted its stake in NexPoint Residential Trust by 334.3% in the third quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,491 shares during the last quarter. Finally, Vestcor Inc acquired a new stake in NexPoint Residential Trust in the first quarter valued at $102,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.