NexPoint Residential Trust, Inc. (NYSE:NXRT) Insider Acquires $193,257.36 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards acquired 5,814 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average cost of $33.24 per share, with a total value of $193,257.36. Following the purchase, the insider now directly owns 18,493 shares of the company’s stock, valued at $614,707.32. This trade represents a 45.86 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

NexPoint Residential Trust Stock Up 7.8 %

NXRT opened at $34.97 on Thursday. The company has a market cap of $890.55 million, a P/E ratio of 19.98, a P/E/G ratio of 2.34 and a beta of 1.18. The business’s 50-day moving average price is $39.05 and its 200-day moving average price is $41.66. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust, Inc. has a 12 month low of $30.73 and a 12 month high of $48.37.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.83%. NexPoint Residential Trust’s dividend payout ratio is currently -20,400.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on NXRT. StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Raymond James lowered their price target on NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, March 20th. Truist Financial raised their price target on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Finally, Jefferies Financial Group raised their price target on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.33.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Quantinno Capital Management LP increased its holdings in shares of NexPoint Residential Trust by 4.1% in the third quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock worth $267,000 after buying an additional 240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of NexPoint Residential Trust by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock worth $531,000 after buying an additional 266 shares during the period. Van ECK Associates Corp grew its stake in shares of NexPoint Residential Trust by 8.6% in the fourth quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 336 shares during the last quarter. Capital Square LLC grew its stake in shares of NexPoint Residential Trust by 2.9% in the fourth quarter. Capital Square LLC now owns 12,741 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 356 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of NexPoint Residential Trust by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider’s stock worth $5,892,000 after purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

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.