NexPoint Residential Trust (NYSE:NXRT) Insider Buys $50,340.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were bought at an average price of $16.78 per share, with a total value of $50,340.00. Following the completion of the transaction, the insider directly owned 35,103 shares in the company, valued at approximately $589,028.34. The trade was a 9.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 9th, Paul Richards bought 2,800 shares of NexPoint Residential Trust stock. The stock was bought at an average cost of $15.91 per share, for a total transaction of $44,548.00.
• On Friday, November 6th, Paul Richards bought 500 shares of NexPoint Residential Trust stock. The shares were bought at an average price of $16.33 per share, for a total transaction of $8,165.00.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock traded down $0.46 during mid-day trading on Monday, hitting $15.80. 679,878 shares of the company were exchanged, compared to its average volume of 465,244. NexPoint Residential Trust, Inc. has a 12-month low of $15.72 and a 12-month high of $32.36. The company has a market capitalization of $403.64 million, a P/E ratio of -10.75, a PEG ratio of 0.31 and a beta of 1.15. The business’s 50 day simple moving average is $19.90 and its two-hundred day simple moving average is $25.51. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.69 and a quick ratio of 1.92.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data 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 analysts’ expectations of $64.87 million. NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. Analysts forecast that NexPoint Residential Trust, Inc. will post 2.23 earnings per share for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.12 annualized dividend and a yield of 13.4%. NexPoint Residential Trust’s payout ratio is presently -144.22%.

Institutional Investors Weigh In On NexPoint Residential Trust

Several hedge funds have recently made changes to their positions in NXRT. PNC Financial Services Group Inc. grew its position in shares of NexPoint Residential Trust by 29.9% in 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 during the period. Cetera Investment Advisers lifted its position 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 buying an additional 498 shares during the period. Allworth Financial LP lifted its position in NexPoint Residential Trust by 95.0% during the second quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider’s stock worth $33,000 after buying an additional 571 shares during the period. Resona Asset Management Co. Ltd. lifted its position in NexPoint Residential Trust by 6.5% during the first quarter. Resona Asset Management Co. Ltd. now owns 9,711 shares of the financial services provider’s stock worth $242,000 after buying an additional 596 shares during the period. Finally, Burford Brothers Inc. boosted its stake in 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 worth $686,000 after buying an additional 690 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on NXRT shares. Zacks Research lowered shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report 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. Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Finally, Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $20.50.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.