Paul Richards Acquires 5,000 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Paul Richards bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the acquisition, the insider now directly owns 24,689 shares in the company, valued at $812,761.88. This trade represents a 25.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, May 23rd, Paul Richards purchased 1,000 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $33.18 per share, with a total value of $33,180.00.
• On Monday, April 7th, Paul Richards purchased 5,814 shares of NexPoint Residential Trust stock. The shares were purchased at an average price of $33.24 per share, with a total value of $193,257.36.

NexPoint Residential Trust Price Performance

NXRT stock traded up $0.05 during mid-day trading on Friday, hitting $33.21. 356,900 shares of the stock were exchanged, compared to its average volume of 135,167. The company has a debt-to-equity ratio of 3.86, a current ratio of 2.65 and a quick ratio of 2.65. The business has a fifty day moving average price of $35.20 and a 200 day moving average price of $38.02. NexPoint Residential Trust, Inc. has a 12 month low of $30.98 and a 12 month high of $48.37. The stock has a market capitalization of $839.57 million, a price-to-earnings ratio of 10.33, a PEG ratio of 1.97 and a beta of 1.08.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. NexPoint Residential Trust had a negative return on equity of 7.42% and a negative net margin of 12.57%. The company had revenue of $63.22 million for the quarter, compared to analysts' expectations of $63.29 million. On average, sell-side analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current year.

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 annualized dividend and a yield of 6.14%. NexPoint Residential Trust's payout ratio is currently -159.38%.

Wall Street Analysts Forecast Growth

NXRT has been the topic of a number of recent analyst reports. Raymond James Financial downgraded NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Jefferies Financial Group raised their price target 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 NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Truist Financial decreased their price objective on shares of NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Finally, Compass Point reaffirmed a "neutral" rating and issued a $42.50 target price (down from $50.00) on shares of NexPoint Residential Trust in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $43.58.

Institutional Trading of NexPoint Residential Trust

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in NexPoint Residential Trust by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 117,305 shares of the financial services provider's stock valued at $4,897,000 after buying an additional 4,149 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of NexPoint Residential Trust by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 221,219 shares of the financial services provider's stock valued at $9,236,000 after acquiring an additional 5,618 shares during the period. Proficio Capital Partners LLC bought a new position in shares of NexPoint Residential Trust during the fourth quarter valued at about $458,000. Versor Investments LP bought a new position in shares of NexPoint Residential Trust during the fourth quarter valued at about $288,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of NexPoint Residential Trust by 104.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock worth $37,000 after purchasing an additional 456 shares during the period. Hedge funds and other institutional investors own 76.61% of the company's stock.

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.

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