NexPoint Residential Trust (NYSE:NXRT) Stock: Insider Matt Mcgraner Buys 5,280 Shares

Key Points

• Insider buying: Matt Mcgraner purchased 5,280 NXRT shares for approximately $99,739 at an average price of $18.89, increasing his direct ownership by 1.51%. He later bought another 5,500 shares at an average price of $18.42.
• Stock and analyst sentiment: NXRT traded near $18.69, close to its 52-week low of $18.14. Analysts have a consensus “Reduce” rating, with an average price target of $20.50.
• Dividend and financial results: The company reported quarterly revenue of $64.61 million and adjusted its loss per share to $0.34, beating estimates. It paid a quarterly dividend of $0.53, equivalent to a $2.12 annualized payout and an 11.3% yield.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Matt Mcgraner purchased 5,280 shares of the stock in a transaction on Thursday, October 1st. The stock was acquired at an average price of $18.89 per share, with a total value of $99,739.20. Following the acquisition, the insider directly owned 356,105 shares in the company, valued at $6,726,823.45. This trade represents a 1.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 5th, Matt Mcgraner acquired 5,500 shares of NexPoint Residential Trust stock. The shares were bought at an average price of $18.42 per share, for a total transaction of $101,310.00.

NexPoint Residential Trust Trading Up 0.1%

Shares of NXRT stock traded up $0.02 during trading hours on Monday, hitting $18.69. 780,393 shares of the company were exchanged, compared to its average volume of 939,440. The firm has a fifty day moving average of $23.18 and a 200 day moving average of $25.89. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 6.41. NexPoint Residential Trust, Inc. has a 1 year low of $18.14 and a 1 year high of $32.36. The firm has a market cap of $477.43 million, a PE ratio of -14.05, a PEG ratio of 0.48 and a beta of 1.18.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share for the quarter, beating analysts' consensus estimates of ($0.37) by $0.03. The company had revenue of $64.61 million for the quarter, compared to analyst estimates of $63.78 million. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. Analysts expect that NexPoint Residential Trust, Inc. will post 2.24 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Tuesday, September 15th. NexPoint Residential Trust's payout ratio is currently -159.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 4th. Zacks Research lowered shares of NexPoint Residential Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Citizens Jmp reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $23.00 price target on NexPoint Residential Trust in a report on Wednesday, September 9th. Finally, Truist Financial cut their price objective on NexPoint Residential Trust from $26.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday, September 29th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $20.50.

Institutional Trading of NexPoint Residential Trust

Hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new stake in shares of NexPoint Residential Trust in the second quarter worth $320,000. Integrated Wealth Concepts LLC acquired a new stake in NexPoint Residential Trust in the second quarter valued at $51,000. Squarepoint Ops LLC bought a new position in NexPoint Residential Trust during the 2nd quarter valued at $330,000. Allworth Financial LP grew its holdings in NexPoint Residential Trust by 95.0% during the 2nd quarter. Allworth Financial LP now owns 1,172 shares of the financial services provider's stock worth $33,000 after acquiring an additional 571 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in NexPoint Residential Trust by 9.0% during the 2nd quarter. HighTower Advisors LLC now owns 24,938 shares of the financial services provider's stock worth $696,000 after acquiring an additional 2,052 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc NYSE: NXRT is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.

NexPoint Residential Trust's portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.

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