NexPoint Residential Trust (NYSE:NXRT) Shares Up 6.4% Following Insider Buying Activity

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) traded up 6.4% on Tuesday following insider buying activity. The stock traded as high as $19.72 and last traded at $19.8050. 223,072 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 316,930 shares. The stock had previously closed at $18.61.

Specifically, insider Matt Mcgraner purchased 5,500 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was purchased at an average price of $18.42 per share, with a total value of $101,310.00. Following the completion of the transaction, the insider directly owned 361,605 shares of the company’s stock, valued at approximately $6,660,764.10. This trade represents a 1.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matt Mcgraner purchased 5,280 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was bought at an average cost of $18.89 per share, for a total transaction of $99,739.20. Following the purchase, the insider owned 356,105 shares in the company, valued at $6,726,823.45. This represents a 1.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citizens Jmp reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NexPoint Residential Trust in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on shares of NexPoint Residential Trust in a report on Wednesday, September 9th. Zacks Research cut NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Truist Financial cut 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. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $20.50.

NexPoint Residential Trust Stock Performance

The stock’s 50-day moving average is $23.18 and its 200 day moving average is $25.89. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $506.02 million, a P/E ratio of -14.89, a PEG ratio of 0.48 and a beta of 1.18.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. The business had revenue of $64.61 million for the quarter, compared to analyst estimates of $63.78 million. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, research analysts predict that NexPoint Residential Trust, Inc. will post 2.24 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend was Tuesday, September 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -159.40%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of large investors have recently added to or reduced their stakes in NXRT. BlackRock Inc. acquired a new position in shares of NexPoint Residential Trust during the second quarter worth $118,748,000. Marnell Management LLC acquired a new position in NexPoint Residential Trust during the fourth quarter worth $5,220,000. Flax Pond Capital LLC acquired a new position in NexPoint Residential Trust during the 1st quarter valued at about $4,047,000. Bank of New York Mellon Corp purchased a new position in shares of NexPoint Residential Trust during the second quarter valued at approximately $4,002,000. Finally, Legal & General Group Plc raised its holdings in shares of NexPoint Residential Trust by 5.2% in the fourth quarter. Legal & General Group Plc now owns 141,965 shares of the financial services provider’s stock valued at $4,273,000 after purchasing an additional 7,080 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc (NYSE:NXRT) is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.

NexPoint Residential Trust’s portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.