NexPoint Residential Trust (NYSE:NXRT) Insider Buys 1,000 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $26.14 per share, with a total value of $26,140.00. Following the completion of the purchase, the insider owned 316,821 shares of the company’s stock, valued at approximately $8,281,700.94. This represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Matt Mcgraner also recently made the following trade(s):

• On Monday, March 9th, Matt Mcgraner acquired 1,000 shares of NexPoint Residential Trust stock. The shares were bought at an average price of $26.39 per share, for a total transaction of $26,390.00.
• On Thursday, March 5th, Matt Mcgraner acquired 1,000 shares of NexPoint Residential Trust stock. The stock was bought at an average cost of $27.79 per share, with a total value of $27,790.00.

NexPoint Residential Trust Stock Down 2.5%

Shares of NYSE:NXRT traded down $0.65 during midday trading on Friday, hitting $25.72. The stock had a trading volume of 207,492 shares, compared to its average volume of 216,821. The company has a market cap of $653.44 million, a P/E ratio of -20.25 and a beta of 1.19. NexPoint Residential Trust, Inc. has a 12 month low of $25.47 and a 12 month high of $40.78. The business’s 50-day simple moving average is $29.59 and its 200-day simple moving average is $30.73. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 5.27.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, March 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is -166.93%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NXRT. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Tuesday. Wall Street Zen downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Zacks Research upgraded NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Truist Financial cut their price objective on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $37.83.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of NexPoint Residential Trust by 205.0% during the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 576 shares during the period. Federation des caisses Desjardins du Quebec increased its stake in shares of NexPoint Residential Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 386 shares during the period. Versant Capital Management Inc lifted its holdings in NexPoint Residential Trust by 334.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 1,491 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in NexPoint Residential Trust by 121.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in NexPoint Residential Trust in the 4th quarter valued at $96,000. 76.61% of the stock is owned by institutional investors.

About NexPoint Residential Trust

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.