NexPoint Residential Trust (NYSE:NXRT) Insider Matt Mcgraner Purchases 5,910 Shares of Company Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner bought 5,910 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were purchased at an average price of $16.86 per share, for a total transaction of $99,642.60. Following the completion of the acquisition, the insider owned 367,515 shares of the company’s stock, valued at $6,196,302.90. The trade was a 1.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, November 6th, Matt Mcgraner bought 6,082 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $16.38 per share, for a total transaction of $99,623.16.
• On Monday, October 5th, Matt Mcgraner acquired 5,500 shares of NexPoint Residential Trust stock. The stock was acquired at an average price of $18.42 per share, for a total transaction of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner bought 5,280 shares of NexPoint Residential Trust stock. The shares were acquired at an average price of $18.89 per share, with a total value of $99,739.20.

NexPoint Residential Trust Stock Down 2.8%

NXRT stock opened at $15.80 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.92 and a debt-to-equity ratio of 7.10. The firm has a market capitalization of $403.64 million, a PE ratio of -10.75, a PEG ratio of 0.31 and a beta of 1.15. NexPoint Residential Trust, Inc. has a 1-year low of $15.72 and a 1-year high of $32.36. The business’s 50 day simple moving average is $19.90 and its 200 day simple moving average is $25.51.

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

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Tuesday, December 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently -144.22%.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of institutional investors have recently modified their holdings of NXRT. PNC Financial Services Group Inc. boosted its stake in NexPoint Residential Trust by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 397 shares during the period. Cetera Investment Advisers grew its holdings in NexPoint Residential Trust by 5.6% during the 1st quarter. Cetera Investment Advisers now owns 9,378 shares of the financial services provider’s stock valued at $234,000 after buying an additional 498 shares in the last quarter. Allworth Financial LP increased its position in shares of NexPoint Residential Trust by 95.0% during the second quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider’s stock valued at $33,000 after buying an additional 571 shares during the period. Resona Asset Management Co. Ltd. increased its position in shares of NexPoint Residential Trust by 6.5% during the first quarter. Resona Asset Management Co. Ltd. now owns 9,711 shares of the financial services provider’s stock valued at $242,000 after buying an additional 596 shares during the period. Finally, Burford Brothers Inc. lifted its holdings in shares of NexPoint Residential Trust by 2.9% in the second quarter. Burford Brothers Inc. now owns 24,559 shares of the financial services provider’s stock worth $686,000 after buying an additional 690 shares in the last quarter. 76.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NXRT has been the subject of several recent analyst reports. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft set a $23.00 price target on shares of NexPoint Residential Trust in a report on Wednesday, September 9th. Truist Financial dropped their price target on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, September 29th. Zacks Research downgraded NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Finally, Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $20.50.

NexPoint Residential Trust News Roundup

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

• Positive Sentiment: Insiders Paul Richards and Matt McGraner reported buying a combined 18,292 shares for about $302,319 across transactions from Nov. 5–9. The purchases increased their respective holdings and may signal confidence in NXRT’s prospects. SEC filing for Richards’ purchases SEC filing for McGraner’s purchases
• Negative Sentiment: Director Brian Mitts sold 15,000 shares for about $256,050, reducing his stake by nearly 25%. The sale could weigh on sentiment, although the insider buying was larger in aggregate. SEC filing for Mitts’ sale
• Negative Sentiment: Recent quarterly results missed expectations: NXRT reported EPS of ($0.45) versus consensus of ($0.41), while revenue also came in slightly below estimates. The stock is trading near its 52-week low, reinforcing the pressure on shares.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.