NexPoint Residential Trust (NYSE:NXRT) Insider Paul Richards Acquires 2,800 Shares of Stock

Key Points

• Insider Paul Richards bought 2,800 NXRT shares at an average price of $15.91, spending $44,548 and increasing his holdings by 7.86% to 38,403 shares. The purchase followed additional buys of 500 and 3,000 shares earlier that week.
• NXRT shares traded at $15.80, near their one-year low of $15.72 and well below their 50-day and 200-day moving averages. The company also reported quarterly EPS of -$0.45, missing analyst expectations of -$0.41.
• Analyst sentiment is cautious, with an average “Reduce” rating and a $20.50 consensus price target. NXRT declared a $0.53 quarterly dividend, equivalent to a 13.4% annualized yield.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Paul Richards purchased 2,800 shares of the company's stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average cost of $15.91 per share, with a total value of $44,548.00. Following the completion of the acquisition, the insider owned 38,403 shares in the company, valued at $610,991.73. The trade was a 7.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Paul Richards also recently made the following trade(s):

• On Friday, November 6th, Paul Richards purchased 500 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $16.33 per share, with a total value of $8,165.00.
• On Thursday, November 5th, Paul Richards acquired 3,000 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $16.78 per share, for a total transaction of $50,340.00.

NexPoint Residential Trust Stock Performance

NYSE NXRT traded down $0.46 on Monday, reaching $15.80. The stock had a trading volume of 679,878 shares, compared to its average volume of 465,244. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.69 and a quick ratio of 1.92. The company has a market cap of $403.64 million, a P/E ratio of -10.75, a price-to-earnings-growth ratio of 0.31 and a beta of 1.15. The firm has a fifty day moving average of $19.90 and a two-hundred day moving average of $25.51. NexPoint Residential Trust, Inc. has a 1-year low of $15.72 and a 1-year high of $32.36.

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

NexPoint Residential Trust Announces Dividend

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 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 13.4%. NexPoint Residential Trust's dividend payout ratio is -144.22%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NXRT shares. Truist Financial dropped their price objective on shares of 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 lowered shares of NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Citizens Jmp restated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Wall Street Zen cut shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft set a $23.00 price target on shares of NexPoint Residential Trust in a research report on Wednesday, September 9th. 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.com, the company presently has an average rating of "Reduce" and a consensus target price of $20.50.

Institutional Trading of NexPoint Residential Trust

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

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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