NexPoint Residential Trust (NYSE:NXRT) Stock: Insider Brian Mitts Sells 15,000 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $17.07, for a total transaction of $256,050.00. Following the transaction, the director owned 45,289 shares in the company, valued at approximately $773,083.23. This trade represents a 24.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NexPoint Residential Trust Stock Down 0.1%

Shares of NYSE:NXRT opened at $15.74 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 7.10. The firm has a market cap of $402.16 million, a P/E ratio of -10.71, a P/E/G ratio of 0.27 and a beta of 1.15. NexPoint Residential Trust, Inc. has a 12 month low of $15.46 and a 12 month high of $32.36. The company’s 50-day moving average price is $19.74 and its two-hundred day moving average price is $25.44.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.04). NexPoint Residential Trust had a negative return on equity of 14.29% and a negative net margin of 14.59%. The company had revenue of $64.47 million during the quarter, compared to the consensus estimate of $64.87 million. As a group, research analysts forecast that NexPoint Residential Trust, Inc. will post 2.23 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.12 annualized dividend and a yield of 13.5%. NexPoint Residential Trust’s dividend payout ratio is currently -144.22%.

More NexPoint Residential Trust News

Here are the key news stories impacting NexPoint Residential Trust this week:

• Positive Sentiment: Insiders Paul Richards and Matt McGraner bought a combined 18,292 shares for about $302,000 in transactions from Nov. 5–9, increasing their holdings. The buying may indicate confidence in NXRT at recent prices. Insider purchase report
• Negative Sentiment: Director Brian Mitts sold 15,000 shares for about $256,000, cutting his stake by nearly 25%. The sale could temper the positive signal from other insiders’ purchases.
• Negative Sentiment: Recent results provide a challenging backdrop: quarterly EPS and revenue both missed analyst expectations. Wall Street Zen also recently downgraded NXRT to “sell,” and the analyst consensus cited in the report was “reduce.” Shares were trading near their 52-week low, reflecting continued pressure.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $23.00 price target on NexPoint Residential Trust in a research note on Wednesday, September 9th. Wall Street Zen cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday. Truist Financial decreased their price target on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, September 29th. Finally, Weiss Ratings upgraded NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 27th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $20.50.

Hedge Funds Weigh In On NexPoint Residential Trust

Several large investors have recently bought and sold shares of NXRT. Allworth Financial LP bought a new position in NexPoint Residential Trust in the second quarter valued at approximately $33,000. Ameritas Advisory Services LLC acquired a new stake in NexPoint Residential Trust during the 2nd quarter worth $39,000. PNC Financial Services Group Inc. raised its position in shares of NexPoint Residential Trust by 29.9% during the 1st 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 last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at $51,000. Finally, Signaturefd LLC raised its position in shares of NexPoint Residential Trust by 183.0% during the 3rd 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. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.