NexPoint Residential Trust (NYSE:NXRT) Insider Matt Mcgraner Purchases 6,365 Shares of Company Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner acquired 6,365 shares of the business’s stock in a transaction on Tuesday, November 10th. The shares were bought at an average cost of $15.70 per share, with a total value of $99,930.50. Following the completion of the acquisition, the insider owned 379,962 shares of the company’s stock, valued at approximately $5,965,403.40. This trade represents a 1.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, November 6th, Matt Mcgraner bought 6,082 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $16.38 per share, for a total transaction of $99,623.16.
• On Thursday, November 5th, Matt Mcgraner bought 5,910 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $16.86 per share, for a total transaction of $99,642.60.
• On Monday, October 5th, Matt Mcgraner bought 5,500 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $18.42 per share, for a total transaction of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner bought 5,280 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $18.89 per share, for a total transaction of $99,739.20.

NexPoint Residential Trust Price Performance

Shares of NexPoint Residential Trust stock traded up $0.18 during mid-day trading on Friday, reaching $15.54. 381,435 shares of the stock were exchanged, compared to its average volume of 496,370. The company has a market cap of $397.17 million, a price-to-earnings ratio of -10.57, a price-to-earnings-growth ratio of 0.27 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 7.10. The firm has a 50-day simple moving average of $19.24 and a 200 day simple moving average of $25.22. NexPoint Residential Trust, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $32.36.

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

NexPoint Residential Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Tuesday, December 15th. NexPoint Residential Trust’s payout ratio is presently -144.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings lowered NexPoint Residential Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. Zacks Research downgraded NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Finally, Truist Financial reduced their price objective on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, September 29th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $20.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXRT. Allworth Financial LP acquired a new stake in shares of NexPoint Residential Trust in the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC acquired a new position in shares of NexPoint Residential Trust during the second quarter valued at $39,000. PNC Financial Services Group Inc. lifted its stake in shares of NexPoint Residential Trust by 29.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 397 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of NexPoint Residential Trust during the second quarter valued at $51,000. Finally, Signaturefd LLC boosted its holdings in NexPoint Residential Trust by 183.0% in the third quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock valued at $67,000 after acquiring 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.