Brian Mitts Sells 5,000 Shares of NexPoint Residential Trust (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) Director Brian Mitts sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $30.52, for a total transaction of $152,600.00. Following the completion of the sale, the director directly owned 60,900 shares of the company’s stock, valued at approximately $1,858,668. The trade was a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Brian Mitts also recently made the following trade(s):

• On Friday, August 15th, Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock. The stock was sold at an average price of $30.92, for a total transaction of $154,600.00.

NexPoint Residential Trust Stock Up 1.2%

Shares of NYSE NXRT opened at $31.32 on Thursday. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $794.27 million, a P/E ratio of -16.31 and a beta of 1.09. NexPoint Residential Trust, Inc. has a 1 year low of $29.93 and a 1 year high of $48.31. The firm has a 50-day simple moving average of $32.13 and a two-hundred day simple moving average of $33.44.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $62.83 million during the quarter, compared to the consensus estimate of $63.04 million. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. Research analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.53 per share. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, December 15th. NexPoint Residential Trust’s payout ratio is presently -110.42%.

Analyst Ratings Changes

Several research firms have recently weighed in on NXRT. Wall Street Zen raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Truist Financial decreased their price target on shares of NexPoint Residential Trust from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $40.88.

Hedge Funds Weigh In On NexPoint Residential Trust

Several institutional investors have recently bought and sold shares of NXRT. CSM Advisors LLC purchased a new position in NexPoint Residential Trust during the second quarter valued at approximately $4,937,000. Invesco Ltd. increased its holdings in NexPoint Residential Trust by 63.9% during the first quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock valued at $13,056,000 after buying an additional 128,745 shares during the period. BROOKFIELD Corp ON increased its holdings in NexPoint Residential Trust by 109.7% during the first quarter. BROOKFIELD Corp ON now owns 193,982 shares of the financial services provider’s stock valued at $7,668,000 after buying an additional 101,459 shares during the period. Balyasny Asset Management L.P. purchased a new position in NexPoint Residential Trust during the second quarter valued at approximately $3,046,000. Finally, Jane Street Group LLC purchased a new position in NexPoint Residential Trust during the first quarter valued at approximately $3,410,000. 76.61% of the stock is 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.