Paul Richards Purchases 1,500 Shares of NexPoint Residential Trust (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average price of $24.81 per share, for a total transaction of $37,215.00. Following the purchase, the insider owned 30,359 shares of the company’s stock, valued at approximately $753,206.79. This represents a 5.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, March 20th, Paul Richards acquired 200 shares of NexPoint Residential Trust stock. The shares were acquired at an average price of $24.11 per share, with a total value of $4,822.00.
• On Monday, March 9th, Paul Richards acquired 2,000 shares of NexPoint Residential Trust stock. The shares were acquired at an average price of $26.34 per share, for a total transaction of $52,680.00.

NexPoint Residential Trust Stock Down 0.3%

Shares of NYSE:NXRT opened at $25.08 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 5.27. The company has a fifty day simple moving average of $28.87 and a 200 day simple moving average of $30.26. The firm has a market cap of $637.33 million, a PE ratio of -19.75 and a beta of 1.19. NexPoint Residential Trust, Inc. has a 12-month low of $23.85 and a 12-month high of $40.78.

NexPoint Residential Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 annualized dividend and a dividend yield of 8.5%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -166.93%.

Hedge Funds Weigh In On NexPoint Residential Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew 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 valued at $27,000 after purchasing an additional 576 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in shares of NexPoint Residential Trust by 27.4% during the 4th 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 shares of NexPoint Residential Trust by 334.3% in 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 shares of NexPoint Residential Trust by 121.1% in 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. acquired a new position in NexPoint Residential Trust during the 4th quarter valued at approximately $96,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Zacks Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Truist Financial reduced their price objective on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $34.75.

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.