Insider Selling: NexPoint Residential Trust (NYSE:NXRT) Director Sells 24,296 Shares of Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 24,296 shares of NexPoint Residential Trust stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $28.85, for a total value of $700,939.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Brian Mitts also recently made the following trade(s):

• On Friday, December 19th, Brian Mitts sold 8,452 shares of NexPoint Residential Trust stock. The stock was sold at an average price of $28.05, for a total transaction of $237,078.60.
• On Friday, October 31st, Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock. The stock was sold at an average price of $30.52, for a total value of $152,600.00.

NexPoint Residential Trust Trading Up 2.8%

Shares of NXRT stock traded up $0.79 on Monday, reaching $29.04. 270,970 shares of the stock were exchanged, compared to its average volume of 158,355. The stock has a 50 day moving average price of $30.69 and a 200 day moving average price of $32.20. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $736.53 million, a PE ratio of -15.13 and a beta of 1.17. NexPoint Residential Trust, Inc. has a one year low of $27.69 and a one year high of $43.13.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. NexPoint Residential Trust had a negative return on equity of 13.32% and a negative net margin of 19.23%.The firm had revenue of $62.83 million for the quarter, compared to analyst estimates of $63.04 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Equities research analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, December 15th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.51. NexPoint Residential Trust’s dividend payout ratio is presently -110.42%.

Analyst Ratings Changes

Several equities research analysts recently commented on NXRT shares. Truist Financial cut their target price on NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Wednesday, October 8th. Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Zacks Research lowered NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Six research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $40.13.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NXRT. Smartleaf Asset Management LLC lifted its holdings in shares of NexPoint Residential Trust by 205.0% in the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock worth $27,000 after buying an additional 576 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of NexPoint Residential Trust in the 2nd quarter worth $47,000. Quantbot Technologies LP purchased a new position in NexPoint Residential Trust during the first quarter valued at approximately $56,000. Versant Capital Management Inc raised its holdings in NexPoint Residential Trust by 334.3% in the third 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position 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 in the last quarter. 76.61% of the stock is currently owned by institutional investors.

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.