NexPoint Residential Trust (NYSE:NXRT) Insider Buys $99,739.20 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner purchased 5,280 shares of NexPoint Residential Trust stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average price of $18.89 per share, with a total value of $99,739.20. Following the completion of the purchase, the insider directly owned 356,105 shares in the company, valued at $6,726,823.45. This trade represents a 1.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, October 5th, Matt Mcgraner acquired 5,500 shares of NexPoint Residential Trust stock. The shares were purchased at an average price of $18.42 per share, for a total transaction of $101,310.00.

NexPoint Residential Trust Stock Down 3.7%

NXRT stock opened at $19.44 on Thursday. NexPoint Residential Trust, Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $32.36. The company has a debt-to-equity ratio of 6.41, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $496.62 million, a price-to-earnings ratio of -14.61, a PEG ratio of 0.52 and a beta of 1.18. The business’s fifty day moving average price is $22.90 and its two-hundred day moving average price is $25.81.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.03. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. The company had revenue of $64.61 million during the quarter, compared to analysts’ expectations of $63.78 million. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, equities analysts anticipate that NexPoint Residential Trust, Inc. will post 2.24 earnings per share for the current year.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.53 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 10.9%. NexPoint Residential Trust’s payout ratio is currently -159.40%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $23.00 target price on shares of NexPoint Residential Trust in a report on Wednesday, September 9th. Citizens Jmp reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Zacks Research lowered NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Truist Financial dropped their price objective on 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 research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $20.50.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP bought a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC bought a new stake in NexPoint Residential Trust during the 2nd quarter worth $39,000. PNC Financial Services Group Inc. grew its position in 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 worth $43,000 after acquiring an additional 397 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in NexPoint Residential Trust in the 2nd quarter worth about $51,000. Finally, IFM Investors Pty Ltd acquired a new position in NexPoint Residential Trust in the 1st quarter worth about $90,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

About NexPoint Residential Trust

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.