Insider Selling: NexPoint Residential Trust (NYSE:NXRT) Director Sells 5,000 Shares of Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 5,000 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $30.52, for a total transaction of $152,600.00. Following the completion of the transaction, the director directly owned 60,900 shares in the company, valued at $1,858,668. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Brian Mitts also recently made the following trade(s):

• On Friday, August 15th, Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock. The shares were sold at an average price of $30.92, for a total transaction of $154,600.00.

NexPoint Residential Trust Stock Performance

Shares of NXRT traded up $0.42 during trading hours on Tuesday, hitting $30.89. The company had a trading volume of 125,988 shares, compared to its average volume of 154,997. The firm has a market cap of $783.40 million, a price-to-earnings ratio of -16.09 and a beta of 1.09. The business has a fifty day moving average of $32.23 and a 200-day moving average of $33.49. NexPoint Residential Trust, Inc. has a 12 month low of $29.93 and a 12 month high of $48.31. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.55.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $62.83 million for the quarter, compared to analyst estimates of $63.04 million. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Equities analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.53 per share. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Monday, December 15th. NexPoint Residential Trust’s payout ratio is -106.25%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of NexPoint Residential Trust by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 402 shares in the last quarter. Capital Square LLC boosted its stake in shares of NexPoint Residential Trust by 2.8% in the 2nd quarter. Capital Square LLC now owns 15,831 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 429 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of NexPoint Residential Trust by 3.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,248 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 488 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of NexPoint Residential Trust by 9.4% in the 2nd quarter. Aberdeen Group plc now owns 6,639 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 571 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its stake in shares of NexPoint Residential Trust by 6.3% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 9,686 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 571 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NXRT has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Wednesday, October 8th. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Truist Financial lowered their price target on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, August 12th. Finally, Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NexPoint Residential Trust presently has a consensus rating of “Reduce” and a consensus price target of $40.88.

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.