Matt Mcgraner Buys 2,000 Shares of NexPoint Residential Trust (NYSE:NXRT) Stock

Key Points

• Matt Mcgraner bought 2,000 shares of NexPoint Residential Trust on March 20 at $24.37, bringing his total holdings to 331,334 shares (a ~0.61% increase) after multiple purchases earlier in March totaling 5,000 shares.
• The company declared a quarterly dividend of $0.53 per share (annualized $2.12) with an 8.5% yield, ex-dividend date March 13 and payable March 31.
• Analysts are cautious: the consensus rating is "Reduce" with an average price target of $34.75, while the stock trades near $25 and shows negative P/E and elevated leverage metrics.

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Matt Mcgraner acquired 2,000 shares of the business's stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of $24.37 per share, for a total transaction of $48,740.00. Following the completion of the purchase, the insider owned 331,334 shares of the company's stock, valued at approximately $8,074,609.58. This represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, March 11th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The stock was bought at an average price of $26.14 per share, with a total value of $26,140.00.
• On Monday, March 9th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The shares were bought at an average cost of $26.39 per share, for a total transaction of $26,390.00.
• On Thursday, March 5th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The shares were bought at an average cost of $27.79 per share, for a total transaction of $27,790.00.

NexPoint Residential Trust Stock Down 0.3%

NXRT stock opened at $25.08 on Wednesday. The firm's 50-day moving average is $28.87 and its two-hundred day moving average is $30.26. The company has a market capitalization of $637.33 million, a price-to-earnings ratio of -19.75 and a beta of 1.19. NexPoint Residential Trust, Inc. has a 52 week low of $23.85 and a 52 week high of $40.78. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 5.27.

NexPoint Residential Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Friday, March 13th. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -166.93%.

Analysts Set New Price Targets

A number of research firms have recently commented on NXRT. Truist Financial dropped their price objective on NexPoint Residential Trust from $30.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, March 11th. Raymond James Financial reaffirmed an "underperform" rating on shares of NexPoint Residential Trust in a research note on Friday, February 27th. Wall Street Zen lowered NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Zacks Research upgraded shares of NexPoint Residential Trust from a "strong sell" rating to a "hold" rating in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of NexPoint Residential Trust in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $34.75.

Hedge Funds Weigh In On NexPoint Residential Trust

Hedge funds have recently modified their holdings of the stock. Long Pond Capital LP raised its position in shares of NexPoint Residential Trust by 54.9% during the fourth quarter. Long Pond Capital LP now owns 842,870 shares of the financial services provider's stock worth $25,370,000 after purchasing an additional 298,781 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of NexPoint Residential Trust by 49.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 827,052 shares of the financial services provider's stock valued at $24,894,000 after purchasing an additional 272,391 shares during the period. DigitalBridge Group Inc. acquired a new position in shares of NexPoint Residential Trust in the 3rd quarter valued at $7,443,000. Marnell Management LLC purchased a new position in NexPoint Residential Trust in the 4th quarter worth about $5,220,000. Finally, Starwood Capital Group Management L.L.C. increased its stake in NexPoint Residential Trust by 19.1% in the 4th quarter. Starwood Capital Group Management L.L.C. now owns 989,419 shares of the financial services provider's stock worth $29,782,000 after purchasing an additional 158,750 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

About NexPoint Residential Trust

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.

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