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

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards bought 3,000 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was purchased at an average price of $16.78 per share, with a total value of $50,340.00. Following the purchase, the insider directly owned 35,103 shares of the company’s stock, valued at $589,028.34. The trade was a 9.34% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

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

NexPoint Residential Trust Trading Down 0.1%

NXRT stock opened at $15.74 on Wednesday. The business has a fifty day moving average price of $19.74 and a 200 day moving average price of $25.44. NexPoint Residential Trust, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $32.36. The stock has a market capitalization of $402.16 million, a price-to-earnings ratio of -10.71, a P/E/G ratio of 0.27 and a beta of 1.15. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.69 and a quick ratio of 1.69.

NexPoint Residential Trust (NYSE:NXRT) last posted 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). The business had revenue of $64.47 million during the quarter, compared to analyst estimates of $64.87 million. NexPoint Residential Trust had a negative return on equity of 14.29% and a negative net margin of 14.59%. Analysts expect that NexPoint Residential Trust, Inc. will post 2.23 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.12 annualized dividend and a yield of 13.5%. NexPoint Residential Trust’s dividend payout ratio is -144.22%.

Trending Headlines about NexPoint Residential Trust

Here are the key news stories impacting NexPoint Residential Trust this week:

• Positive Sentiment: Insiders Paul Richards and Matt McGraner bought a combined 18,292 shares for about $302,000 in transactions from Nov. 5–9, increasing their holdings. The buying may indicate confidence in NXRT at recent prices. Insider purchase report
• Negative Sentiment: Director Brian Mitts sold 15,000 shares for about $256,000, cutting his stake by nearly 25%. The sale could temper the positive signal from other insiders’ purchases.
• Negative Sentiment: Recent results provide a challenging backdrop: quarterly EPS and revenue both missed analyst expectations. Wall Street Zen also recently downgraded NXRT to “sell,” and the analyst consensus cited in the report was “reduce.” Shares were trading near their 52-week low, reflecting continued pressure.

Analysts Set New Price Targets

NXRT has been the subject of several research reports. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Zacks Research lowered shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on shares of NexPoint Residential Trust in a research report on Wednesday, September 9th. Finally, Weiss Ratings raised NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Three equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $20.50.

Institutional Trading of NexPoint Residential Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXRT. Paralel Advisors LLC raised its stake in shares of NexPoint Residential Trust by 12.9% during the third quarter. Paralel Advisors LLC now owns 81,382 shares of the financial services provider’s stock worth $1,588,000 after buying an additional 9,300 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in NexPoint Residential Trust by 18.1% in the third quarter. Russell Investments Group Ltd. now owns 48,310 shares of the financial services provider’s stock valued at $943,000 after acquiring an additional 7,421 shares during the last quarter. Alps Advisors Inc. grew its holdings in NexPoint Residential Trust by 20.1% during the 3rd quarter. Alps Advisors Inc. now owns 10,550 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 1,765 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in NexPoint Residential Trust by 10.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 40,800 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 3,800 shares during the period. Finally, Signaturefd LLC grew its holdings in NexPoint Residential Trust by 183.0% during the 3rd quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 2,235 shares during the period. 76.61% of the stock is owned by institutional investors.

About NexPoint Residential Trust

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.