NexPoint Residential Trust, Inc. (NYSE:NXRT) Insider Brian Mitts Sells 5,000 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Brian Mitts sold 5,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $34.25, for a total value of $171,250.00. Following the transaction, the insider now directly owns 66,947 shares of the company's stock, valued at $2,292,934.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

NexPoint Residential Trust Stock Up 1.5 %

Shares of NXRT traded up $0.54 during mid-day trading on Monday, reaching $35.39. The company's stock had a trading volume of 143,884 shares, compared to its average volume of 154,696. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 2.90. NexPoint Residential Trust, Inc. has a 1 year low of $26.21 and a 1 year high of $49.87. The business has a fifty day moving average of $31.48 and a 200 day moving average of $31.48. The company has a market cap of $912.00 million, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.4624 per share. This represents a $1.85 annualized dividend and a dividend yield of 5.23%. This is a positive change from NexPoint Residential Trust's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, June 14th. NexPoint Residential Trust's dividend payout ratio (DPR) is currently 65.37%.

Wall Street Analysts Forecast Growth

NXRT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on NexPoint Residential Trust in a research report on Tuesday, January 30th. They set a "buy" rating and a $38.00 price objective for the company. Truist Financial cut their price objective on NexPoint Residential Trust from $37.00 to $35.00 and set a "hold" rating for the company in a research report on Tuesday, April 9th. Raymond James downgraded NexPoint Residential Trust from a "market perform" rating to an "underperform" rating in a research report on Monday, March 18th. Finally, JMP Securities reiterated a "market outperform" rating and set a $40.00 price objective on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $37.25.

Institutional Trading of NexPoint Residential Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. SRS Capital Advisors Inc. raised its holdings in shares of NexPoint Residential Trust by 176.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 903 shares of the financial services provider's stock worth $31,000 after acquiring an additional 576 shares in the last quarter. Van ECK Associates Corp increased its position in NexPoint Residential Trust by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider's stock worth $109,000 after buying an additional 520 shares during the last quarter. Quest Partners LLC acquired a new position in NexPoint Residential Trust during the fourth quarter worth $140,000. Daiwa Securities Group Inc. increased its position in NexPoint Residential Trust by 8.9% during the first quarter. Daiwa Securities Group Inc. now owns 7,436 shares of the financial services provider's stock worth $239,000 after buying an additional 610 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in NexPoint Residential Trust during the third quarter worth $241,000. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

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.