NexPoint Residential Trust (NYSE:NXRT) Insider Matt Mcgraner Purchases 6,082 Shares of Company Stock

Key Points

• Insider Matt Mcgraner bought 6,082 NXRT shares at an average $16.38, spending about $99,623; the purchase increased his holdings by 1.65% to 373,597 shares. He also made several roughly $100,000 purchases in October and early November.
• NXRT recently traded near its 52-week low, and its latest quarterly results missed estimates: reported EPS was -$0.45 versus -$0.41 expected, while revenue was $64.47 million versus $64.87 million expected.
• The company announced a quarterly dividend of $0.53 per share, equivalent to a 13.4% annualized yield. Analysts’ consensus rating is “Reduce,” with an average price target of $20.50.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Matt Mcgraner acquired 6,082 shares of the firm's stock in a transaction on Friday, November 6th. The shares were acquired at an average price of $16.38 per share, with a total value of $99,623.16. Following the completion of the purchase, the insider owned 373,597 shares in the company, valued at approximately $6,119,518.86. This trade represents a 1.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, November 5th, Matt Mcgraner acquired 5,910 shares of NexPoint Residential Trust stock. The stock was acquired at an average cost of $16.86 per share, for a total transaction of $99,642.60.
• 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 cost of $18.89 per share, with a total value of $99,739.20.

NexPoint Residential Trust Stock Performance

NYSE NXRT traded down $0.46 on Monday, reaching $15.80. 679,878 shares of the company's stock traded hands, compared to its average volume of 465,244. The firm has a market cap of $403.64 million, a price-to-earnings ratio of -10.75, a P/E/G ratio of 0.31 and a beta of 1.15. The stock has a 50 day moving average price of $19.90 and a 200-day moving average price of $25.51. NexPoint Residential Trust, Inc. has a fifty-two week low of $15.72 and a fifty-two week high of $32.36. The company has a debt-to-equity ratio of 7.10, a quick ratio of 1.92 and a current ratio of 1.69.

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

NexPoint Residential Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 13.4%. NexPoint Residential Trust's dividend payout ratio is presently -144.22%.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of large investors have recently bought and sold shares of NXRT. Russell Investments Group Ltd. boosted its position in NexPoint Residential Trust by 18.1% during the third quarter. Russell Investments Group Ltd. now owns 48,310 shares of the financial services provider's stock worth $943,000 after purchasing an additional 7,421 shares in the last quarter. Alps Advisors Inc. increased its position in shares of NexPoint Residential Trust by 20.1% in the third quarter. Alps Advisors Inc. now owns 10,550 shares of the financial services provider's stock valued at $206,000 after buying an additional 1,765 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of NexPoint Residential Trust by 10.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 40,800 shares of the financial services provider's stock valued at $796,000 after buying an additional 3,800 shares in the last quarter. Signaturefd LLC raised its stake in shares of NexPoint Residential Trust by 183.0% during the 3rd quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider's stock worth $67,000 after buying an additional 2,235 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of NexPoint Residential Trust by 52.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 13,837 shares of the financial services provider's stock valued at $270,000 after buying an additional 4,744 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

Wall Street Analyst Weigh In

NXRT has been the subject of several recent research reports. Truist Financial reduced their price target 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. Zacks Research lowered NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Wall Street Zen cut shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Citizens Jmp reiterated a "market perform" rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft set a $23.00 target price on shares of NexPoint Residential Trust in a research note on Wednesday, September 9th. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $20.50.

NexPoint Residential Trust Company Profile

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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