NexPoint Residential Trust (NYSE:NXRT) Insider Paul Richards Purchases 2,000 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards bought 2,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average cost of $26.34 per share, for a total transaction of $52,680.00. Following the acquisition, the insider owned 28,186 shares in the company, valued at $742,419.24. The trade was a 7.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NexPoint Residential Trust Trading Up 0.8%

NexPoint Residential Trust stock traded up $0.22 during mid-day trading on Thursday, hitting $26.54. The company’s stock had a trading volume of 38,935 shares, compared to its average volume of 199,586. The business has a 50 day moving average price of $29.75 and a 200-day moving average price of $30.81. The company has a debt-to-equity ratio of 5.27, a current ratio of 2.27 and a quick ratio of 2.27. NexPoint Residential Trust, Inc. has a 12 month low of $26.00 and a 12 month high of $40.78. The stock has a market cap of $674.25 million, a price-to-earnings ratio of -20.89 and a beta of 1.19.

NexPoint Residential Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.53 per share. The ex-dividend date is Friday, March 13th. This represents a $2.12 annualized dividend and a yield of 8.0%. NexPoint Residential Trust’s dividend payout ratio is currently -166.93%.

Institutional Investors Weigh In On NexPoint Residential Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in NexPoint Residential Trust by 5.7% during the 1st quarter. Royal Bank of Canada now owns 54,612 shares of the financial services provider’s stock valued at $2,159,000 after purchasing an additional 2,942 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of NexPoint Residential Trust during the first quarter valued at $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NexPoint Residential Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 573 shares in the last quarter. Millennium Management LLC boosted its position in shares of NexPoint Residential Trust by 15.6% during the first quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock valued at $12,993,000 after buying an additional 44,391 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NexPoint Residential Trust by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,034 shares of the financial services provider’s stock worth $5,219,000 after buying an additional 7,217 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

Wall Street Analyst Weigh In

NXRT has been the subject of a number of analyst reports. Citigroup reissued a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday. Raymond James Financial reissued an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Thursday, January 22nd. Wall Street Zen lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Zacks Research raised shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $37.83.

NexPoint Residential Trust Company Profile

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.