Insider Buying: NexPoint Residential Trust (NYSE:NXRT) Insider Buys $99,642.60 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner bought 5,910 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were acquired at an average price of $16.86 per share, for a total transaction of $99,642.60. Following the transaction, the insider owned 367,515 shares in the company, valued at approximately $6,196,302.90. This represents a 1.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

NexPoint Residential Trust Stock Down 2.3%

NYSE NXRT opened at $15.42 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 7.10. NexPoint Residential Trust, Inc. has a 1-year low of $15.32 and a 1-year high of $32.36. The company has a 50 day moving average of $19.58 and a 200-day moving average of $25.36. The company has a market cap of $393.96 million, a price-to-earnings ratio of 6.05, a PEG ratio of 0.27 and a beta of 1.15.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.04). The company had revenue of $64.47 million during the quarter, compared to the consensus estimate 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, equities research analysts expect that NexPoint Residential Trust, Inc. will post 2.23 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Tuesday, December 15th. NexPoint Residential Trust’s dividend payout ratio is presently -144.22%.

Institutional Trading of NexPoint Residential Trust

Several large investors have recently made changes to their positions in NXRT. PNC Financial Services Group Inc. raised its position in 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 purchasing an additional 397 shares in the last quarter. Cetera Investment Advisers lifted its stake in NexPoint Residential Trust by 5.6% during the first quarter. Cetera Investment Advisers now owns 9,378 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 498 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of NexPoint Residential Trust by 95.0% in the 2nd quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 571 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in shares of NexPoint Residential Trust by 6.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,711 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 596 shares in the last quarter. Finally, Burford Brothers Inc. boosted its holdings in shares of NexPoint Residential Trust by 2.9% in the 2nd quarter. Burford Brothers Inc. now owns 24,559 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 690 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Zacks Research cut NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Weiss Ratings raised NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Truist Financial cut their price objective on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. Finally, Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, NexPoint Residential Trust currently has a consensus rating of “Reduce” and a consensus price target of $20.50.

About NexPoint Residential Trust

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.