NexPoint Residential Trust (NYSE:NXRT) Director Sells $700,939.60 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 24,296 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $28.85, for a total value of $700,939.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, December 19th, Brian Mitts sold 8,452 shares of NexPoint Residential Trust stock. The stock was sold at an average price of $28.05, for a total value of $237,078.60.
• On Friday, October 31st, Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock. The shares were sold at an average price of $30.52, for a total transaction of $152,600.00.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT opened at $29.11 on Thursday. The firm has a market capitalization of $738.23 million, a PE ratio of -15.16 and a beta of 1.17. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.55. The company has a 50-day moving average price of $30.56 and a two-hundred day moving average price of $32.11. NexPoint Residential Trust, Inc. has a twelve month low of $27.69 and a twelve month high of $43.13.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $62.83 million for the quarter, compared to analyst estimates 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. Equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.53 per share. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, December 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -110.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NXRT shares. Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Zacks Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Truist Financial cut their price objective on shares of NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $40.13.

Institutional Trading of NexPoint Residential Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL grew its holdings in shares of NexPoint Residential Trust by 63.0% during the third quarter. Tudor Investment Corp ET AL now owns 129,137 shares of the financial services provider’s stock worth $4,161,000 after purchasing an additional 49,902 shares in the last quarter. Graybill Wealth Management LTD. lifted its position in NexPoint Residential Trust by 3.3% during the third quarter. Graybill Wealth Management LTD. now owns 74,538 shares of the financial services provider’s stock valued at $2,402,000 after purchasing an additional 2,374 shares during the last quarter. DigitalBridge Group Inc. purchased a new position in NexPoint Residential Trust in the 3rd quarter worth approximately $7,443,000. Abel Hall LLC bought a new position in shares of NexPoint Residential Trust in the 3rd quarter worth $347,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of NexPoint Residential Trust by 95.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 99,937 shares of the financial services provider’s stock valued at $3,220,000 after buying an additional 48,892 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.