NexPoint Residential Trust, Inc. (NYSE:NXRT) Insider Purchases $33,180.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards purchased 1,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $33.18 per share, with a total value of $33,180.00. Following the completion of the transaction, the insider now directly owns 19,869 shares of the company’s stock, valued at approximately $659,253.42. This represents a 5.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, April 7th, Paul Richards acquired 5,814 shares of NexPoint Residential Trust stock. The shares were bought at an average price of $33.24 per share, for a total transaction of $193,257.36.

NexPoint Residential Trust Trading Up 1.9%

Shares of NYSE NXRT traded up $0.62 during mid-day trading on Tuesday, reaching $33.92. 116,792 shares of the company’s stock were exchanged, compared to its average volume of 131,954. The company’s 50-day moving average is $36.53 and its 200-day moving average is $39.97. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $857.59 million, a price-to-earnings ratio of 19.38, a PEG ratio of 2.34 and a beta of 1.14. NexPoint Residential Trust, Inc. has a 52-week low of $30.98 and a 52-week high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $63.22 million for the quarter, compared to analysts’ expectations of $63.29 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. Analysts expect that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.51 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 6.01%. NexPoint Residential Trust’s dividend payout ratio is currently -159.37%.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in NexPoint Residential Trust during the fourth quarter worth $458,000. Teacher Retirement System of Texas grew its position in NexPoint Residential Trust by 226.0% in the 4th quarter. Teacher Retirement System of Texas now owns 22,249 shares of the financial services provider’s stock valued at $929,000 after acquiring an additional 15,425 shares in the last quarter. Versor Investments LP purchased a new stake in NexPoint Residential Trust during the fourth quarter worth about $288,000. Raymond James Financial Inc. acquired a new stake in shares of NexPoint Residential Trust during the fourth quarter worth about $575,000. Finally, Northern Trust Corp boosted its stake in shares of NexPoint Residential Trust by 18.6% in the fourth quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider’s stock valued at $18,202,000 after purchasing an additional 68,471 shares during the period. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NXRT. Raymond James cut NexPoint Residential Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Jefferies Financial Group boosted their price target on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. JMP Securities reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research note on Monday, May 19th. Finally, Compass Point reiterated a “neutral” rating and issued a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of “Hold” and an average price target of $44.25.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.