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

Key Points

• Insider Matt Mcgraner bought 5,910 NXRT shares at an average $16.86, worth about $99,643, increasing his direct holdings to 367,515 shares.
• NXRT shares fell 2.8% to $15.80, near their 52-week low. The company also reported quarterly EPS of -$0.45, missing analyst expectations of -$0.41.
• The REIT declared a quarterly dividend of $0.53 per share, an annualized yield of 13.4%; analysts’ average rating was “Reduce,” with a $20.50 average price target.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Matt Mcgraner purchased 5,910 shares of the firm's stock in a transaction that occurred on Thursday, November 5th. The shares were bought at an average price of $16.86 per share, with a total value of $99,642.60. Following the acquisition, the insider directly owned 367,515 shares of the company's stock, valued at $6,196,302.90. This represents a 1.63% increase in their position. The transaction was disclosed in a filing 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 acquired 6,082 shares of NexPoint Residential Trust stock. The shares were bought at an average price of $16.38 per share, for a total transaction of $99,623.16.
• On Monday, October 5th, Matt Mcgraner bought 5,500 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $18.42 per share, with a total value of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner bought 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 Down 2.8%

Shares of NXRT traded down $0.46 during trading hours on Monday, reaching $15.80. 679,878 shares of the stock traded hands, compared to its average volume of 465,244. 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 stock has a fifty day simple moving average of $19.90 and a 200 day simple moving average of $25.51. NexPoint Residential Trust, Inc. has a 52 week low of $15.72 and a 52 week high of $32.36. The company has a market cap of $403.64 million, a price-to-earnings ratio of -10.75, a PEG ratio of 0.31 and a beta of 1.15.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share (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 during the quarter, compared to the consensus estimate of $64.87 million. On average, equities analysts forecast 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 dividend yield of 13.4%. The ex-dividend date of this dividend is Tuesday, December 15th. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -144.22%.

Institutional Investors Weigh In On NexPoint Residential Trust

Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of NexPoint Residential Trust during the 2nd quarter valued at $118,748,000. Flax Pond Capital LLC bought a new position in NexPoint Residential Trust in the 1st quarter worth approximately $4,047,000. Bank of New York Mellon Corp bought a new position in NexPoint Residential Trust in the 2nd quarter worth approximately $4,002,000. Principal Financial Group Inc. boosted its holdings in NexPoint Residential Trust by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 106,249 shares of the financial services provider's stock worth $2,656,000 after buying an additional 2,146 shares during the period. Finally, Bank of America Corp DE grew its stake in NexPoint Residential Trust by 1.7% in the 1st quarter. Bank of America Corp DE now owns 80,206 shares of the financial services provider's stock valued at $2,005,000 after buying an additional 1,346 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $23.00 price target on NexPoint Residential Trust in a report on Wednesday, September 9th. Truist Financial decreased their target price on NexPoint Residential Trust from $26.00 to $18.00 and set a "hold" rating for the company in a research report on Tuesday, September 29th. Citigroup reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Zacks Research downgraded shares of NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 13th. Finally, Wall Street Zen downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, NexPoint Residential Trust presently has an average rating of "Reduce" and an average price target of $20.50.

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.

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