Paul Richards Acquires 2,000 Shares of NexPoint Residential Trust (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards purchased 2,000 shares of the stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $26.34 per share, for a total transaction of $52,680.00. Following the completion of the transaction, the insider owned 28,186 shares in the company, valued at $742,419.24. This trade represents a 7.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NexPoint Residential Trust Stock Up 0.0%

NXRT stock opened at $26.33 on Friday. The company has a debt-to-equity ratio of 5.27, a quick ratio of 2.27 and a current ratio of 2.27. NexPoint Residential Trust, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $40.78. The stock’s 50 day simple moving average is $29.67 and its 200 day simple moving average is $30.78. The company has a market cap of $668.92 million, a P/E ratio of -20.73 and a beta of 1.19.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 annualized dividend and a dividend yield of 8.1%. NexPoint Residential Trust’s dividend payout ratio is presently -166.93%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NXRT. Wall Street Zen lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Thursday, January 22nd. Truist Financial dropped their target price on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday. Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a report on Tuesday. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $37.83.

Institutional Trading of NexPoint Residential Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXRT. Hsbc Holdings PLC increased its stake in shares of NexPoint Residential Trust by 40.0% in the fourth quarter. Hsbc Holdings PLC now owns 76,951 shares of the financial services provider’s stock valued at $2,318,000 after buying an additional 21,981 shares in the last quarter. Starwood Capital Group Management L.L.C. boosted its stake in shares of NexPoint Residential Trust by 19.1% during the 4th quarter. Starwood Capital Group Management L.L.C. now owns 989,419 shares of the financial services provider’s stock worth $29,782,000 after acquiring an additional 158,750 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of NexPoint Residential Trust by 1.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 130,391 shares of the financial services provider’s stock worth $3,925,000 after purchasing an additional 1,254 shares during the last quarter. Inspire Investing LLC boosted its position in NexPoint Residential Trust by 10.7% during the 4th quarter. Inspire Investing LLC now owns 15,582 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 1,511 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of NexPoint Residential Trust in the fourth quarter worth about $210,000. 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.