NexPoint Residential Trust (NYSE:NXRT) Insider Acquires $44,548.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards acquired 2,800 shares of NexPoint Residential Trust stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average cost of $15.91 per share, for a total transaction of $44,548.00. Following the purchase, the insider directly owned 38,403 shares of the company’s stock, valued at approximately $610,991.73. This trade represents a 7.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 6th, Paul Richards bought 500 shares of NexPoint Residential Trust stock. The shares were purchased at an average price of $16.33 per share, for a total transaction of $8,165.00.
• On Thursday, November 5th, Paul Richards bought 3,000 shares of NexPoint Residential Trust stock. The shares were purchased at an average price of $16.78 per share, for a total transaction of $50,340.00.

NexPoint Residential Trust Stock Down 2.3%

NXRT stock opened at $15.42 on Thursday. The stock has a market capitalization of $393.96 million, a P/E ratio of 6.05, a PEG ratio of 0.27 and a beta of 1.15. The company has a debt-to-equity ratio of 7.10, a quick ratio of 1.69 and a current ratio of 1.69. NexPoint Residential Trust, Inc. has a one year low of $15.32 and a one year high of $32.36. The company has a 50 day moving average price of $19.58 and a two-hundred day moving average price of $25.36.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.04). NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. The business had revenue of $64.47 million during the quarter, compared to analyst estimates of $64.87 million. As a group, sell-side analysts expect that NexPoint Residential Trust, Inc. will post 2.23 EPS for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 13.7%. NexPoint Residential Trust’s payout ratio is currently -144.22%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Zacks Research lowered NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Weiss Ratings upgraded NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 27th. Wall Street Zen lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. Deutsche Bank set a $23.00 price target on NexPoint Residential Trust in a report on Wednesday, September 9th. Finally, Truist Financial lowered their price target on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, September 29th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $20.50.

Hedge Funds Weigh In On NexPoint Residential Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP acquired a new position in NexPoint Residential Trust during the second quarter worth approximately $33,000. Ameritas Advisory Services LLC purchased a new position in NexPoint Residential Trust during the second quarter worth approximately $39,000. PNC Financial Services Group Inc. boosted its holdings in shares of NexPoint Residential Trust by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 397 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at $51,000. Finally, Signaturefd LLC boosted its holdings in shares of NexPoint Residential Trust by 183.0% in the 3rd quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 2,235 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

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.