NexPoint Residential Trust (NYSE:NXRT) Insider Acquires 5,500 Shares of Company Stock

by · The Markets Daily

NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Free Report) insider Matt Mcgraner bought 5,500 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was purchased at an average price of $18.42 per share, with a total value of $101,310.00. Following the purchase, the insider directly owned 361,605 shares of the company’s stock, valued at $6,660,764.10. The trade was a 1.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Matt Mcgraner also recently made the following trade(s):

  • On Thursday, October 1st, Matt Mcgraner purchased 5,280 shares of NexPoint Residential Trust stock. The shares were acquired at an average price of $18.89 per share, for a total transaction of $99,739.20.

NexPoint Residential Trust Price Performance

NYSE NXRT traded up $0.02 during trading hours on Monday, reaching $18.69. 780,393 shares of the company’s stock were exchanged, compared to its average volume of 939,440. The firm has a fifty day moving average of $23.18 and a 200-day moving average of $25.89. NexPoint Residential Trust, Inc. has a one year low of $18.14 and a one year high of $32.36. The stock has a market cap of $477.43 million, a PE ratio of -14.05, a price-to-earnings-growth ratio of 0.48 and a beta of 1.18. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 6.41.

NexPoint Residential Trust (NYSE:NXRT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.03. The firm had revenue of $64.61 million during the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%.NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, equities research analysts predict that NexPoint Residential Trust, Inc. will post 2.24 earnings per share for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.53 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 11.3%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -159.40%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NXRT. BlackRock Inc. acquired a new position in NexPoint Residential Trust during the second quarter valued at approximately $118,748,000. Marnell Management LLC acquired a new stake in NexPoint Residential Trust in the fourth quarter worth $5,220,000. Flax Pond Capital LLC bought a new position in shares of NexPoint Residential Trust during the first quarter worth $4,047,000. Bank of New York Mellon Corp bought a new position in shares of NexPoint Residential Trust during the second quarter worth $4,002,000. Finally, Legal & General Group Plc grew its holdings in shares of NexPoint Residential Trust by 5.2% in the 4th quarter. Legal & General Group Plc now owns 141,965 shares of the financial services provider’s stock valued at $4,273,000 after buying an additional 7,080 shares during the period. Institutional investors own 76.61% of the company’s stock.

Analyst Upgrades and Downgrades

NXRT has been the topic of several research reports. Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Zacks Research downgraded shares of NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NexPoint Residential Trust in a research report on Friday, July 31st. Citizens Jmp reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Finally, Truist Financial lowered their price target on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, September 29th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $20.50.

Get Our Latest Research Report on NexPoint Residential Trust

NexPoint Residential Trust Company Profile

(Get Free Report)

NexPoint Residential Trust, Inc (NYSE:NXRT) is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.

NexPoint Residential Trust’s portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.

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