Insider Buying: NexPoint Residential Trust (NYSE:NXRT) Insider Purchases $99,930.50 in Stock

Key Points

• Insider Matt Mcgraner bought 6,365 NXRT shares for $99,930.50 at an average price of $15.70, increasing his direct holdings by 1.7% to 379,962 shares. He also made several purchases in October and November.
• NXRT recently traded near its 12-month low, and its latest quarterly results missed analyst estimates for both earnings and revenue. Analysts’ consensus rating is “Reduce,” with a $20.50 target price.
• The company declared a quarterly dividend of $0.53 per share, equal to $2.12 annualized and a stated yield of 13.6%.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Matt Mcgraner acquired 6,365 shares of the business's stock in a transaction on Tuesday, November 10th. The stock was purchased at an average price of $15.70 per share, for a total transaction of $99,930.50. Following the acquisition, the insider directly owned 379,962 shares in the company, valued at $5,965,403.40. This represents a 1.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, November 6th, Matt Mcgraner purchased 6,082 shares of NexPoint Residential Trust stock. The stock was bought at an average price of $16.38 per share, with a total value of $99,623.16.
• On Thursday, November 5th, Matt Mcgraner acquired 5,910 shares of NexPoint Residential Trust stock. The shares were bought at an average price of $16.86 per share, for a total transaction of $99,642.60.
• On Monday, October 5th, Matt Mcgraner bought 5,500 shares of NexPoint Residential Trust stock. The stock was bought at an average cost of $18.42 per share, with a total value of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner purchased 5,280 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $18.89 per share, with a total value of $99,739.20.

NexPoint Residential Trust Stock Up 1.2%

NexPoint Residential Trust stock traded up $0.18 during midday trading on Friday, hitting $15.54. The stock had a trading volume of 381,434 shares, compared to its average volume of 343,832. The business has a fifty day moving average price of $19.41 and a 200 day moving average price of $25.29. NexPoint Residential Trust, Inc. has a 12 month low of $15.26 and a 12 month high of $32.36. The stock has a market cap of $397.17 million, a P/E ratio of -10.57, a P/E/G ratio of 0.27 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 7.10.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.04). NexPoint Residential Trust had a negative return on equity of 14.29% and a negative net margin of 14.59%. The firm had revenue of $64.47 million for the quarter, compared to the consensus estimate of $64.87 million. Research analysts predict that NexPoint Residential Trust, Inc. will post 2.23 EPS for the current year.

NexPoint Residential Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.53 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.12 annualized dividend and a dividend yield of 13.6%. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -144.22%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NXRT. Weiss Ratings downgraded NexPoint Residential Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday. Citizens Jmp reissued a "market perform" rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Citigroup restated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Deutsche Bank set a $23.00 target price on NexPoint Residential Trust in a research note on Wednesday, September 9th. Finally, Zacks Research lowered NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $20.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Paralel Advisors LLC bought a new stake in shares of NexPoint Residential Trust in the 2nd quarter worth approximately $2,013,000. Bank of New York Mellon Corp acquired a new stake in NexPoint Residential Trust during the second quarter valued at approximately $4,002,000. Legal & General Group Plc acquired a new stake in NexPoint Residential Trust during the second quarter valued at approximately $1,311,000. Public Employees Retirement System of Ohio acquired a new stake in NexPoint Residential Trust during the second quarter valued at approximately $998,000. Finally, Bank of America Corp DE bought a new stake in NexPoint Residential Trust during the second quarter worth approximately $1,591,000. 76.61% of the stock is currently owned by institutional investors.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc. is a publicly traded real estate investment trust that owns and operates multifamily apartment communities in the United States. Its portfolio is concentrated in markets across the Southeast and Southwest. The company focuses primarily on garden-style apartment properties and pursues a value-add strategy, investing in renovations and operational improvements intended to enhance its communities. Its properties provide rental housing, including options aimed at middle-income residents.

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