NexPoint Residential Trust, Inc. (NYSE:NXRT) Insider Acquires $33,180.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Paul Richards purchased 1,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $33.18 per share, for a total transaction of $33,180.00. Following the completion of the acquisition, the insider now owns 19,869 shares of the company's stock, valued at approximately $659,253.42. The trade was a 5.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, April 7th, Paul Richards bought 5,814 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $33.24 per share, with a total value of $193,257.36.

NexPoint Residential Trust Trading Down 0.8%

Shares of NXRT traded down $0.29 during trading hours on Friday, hitting $33.97. The stock had a trading volume of 253,637 shares, compared to its average volume of 132,018. The company's fifty day simple moving average is $36.37 and its 200 day simple moving average is $39.85. The firm has a market cap of $858.93 million, a P/E ratio of 19.41, a P/E/G ratio of 2.34 and a beta of 1.14. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust, Inc. has a 12-month low of $30.98 and a 12-month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. The business had revenue of $63.22 million for the quarter, compared to analyst estimates of $63.29 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. Equities research analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 6.01%. NexPoint Residential Trust's dividend payout ratio (DPR) is -159.37%.

Institutional Trading of NexPoint Residential Trust

A number of large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its stake in shares of NexPoint Residential Trust by 1,732.4% during the 1st quarter. Farther Finance Advisors LLC now owns 623 shares of the financial services provider's stock valued at $25,000 after buying an additional 589 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of NexPoint Residential Trust during the fourth quarter worth approximately $35,000. Smartleaf Asset Management LLC raised its stake in NexPoint Residential Trust by 104.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 456 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in NexPoint Residential Trust in the 1st quarter valued at approximately $53,000. Finally, Quantbot Technologies LP acquired a new position in shares of NexPoint Residential Trust in the first quarter valued at $56,000. 76.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NXRT. Compass Point restated a "neutral" rating and set a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 13th. Jefferies Financial Group increased their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a "hold" rating in a report on Monday, March 10th. Citizens Jmp downgraded shares of NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Wall Street Zen cut shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Finally, JMP Securities reissued a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, NexPoint Residential Trust currently has a consensus rating of "Hold" and an average price target of $43.58.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.