NexPoint Residential Trust (NYSE:NXRT) Insider Purchases $37,215.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards acquired 1,500 shares of the stock in a transaction dated Thursday, March 19th. The shares were bought at an average cost of $24.81 per share, with a total value of $37,215.00. Following the completion of the purchase, the insider directly owned 30,359 shares in the company, valued at approximately $753,206.79. This trade represents a 5.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, March 20th, Paul Richards bought 200 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $24.11 per share, for a total transaction of $4,822.00.
• On Monday, March 9th, Paul Richards purchased 2,000 shares of NexPoint Residential Trust stock. The shares were purchased at an average cost of $26.34 per share, with a total value of $52,680.00.

NexPoint Residential Trust Stock Performance

Shares of NYSE:NXRT opened at $25.08 on Wednesday. The firm has a market capitalization of $637.33 million, a PE ratio of -19.75 and a beta of 1.19. The company has a debt-to-equity ratio of 5.27, a current ratio of 2.27 and a quick ratio of 2.27. The business has a 50-day moving average of $28.87 and a two-hundred day moving average of $30.26. NexPoint Residential Trust, Inc. has a 12 month low of $23.85 and a 12 month high of $40.78.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.5%. NexPoint Residential Trust’s payout ratio is presently -166.93%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Thursday, January 22nd. Zacks Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, Truist Financial lowered their price target on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $34.75.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. DigitalBridge Group Inc. acquired a new stake in NexPoint Residential Trust during the 3rd quarter valued at $7,443,000. Strs Ohio lifted its holdings in NexPoint Residential Trust by 202.8% in the 3rd quarter. Strs Ohio now owns 118,400 shares of the financial services provider’s stock worth $3,815,000 after buying an additional 79,300 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in NexPoint Residential Trust in the 2nd quarter worth $264,000. Geode Capital Management LLC boosted its position in NexPoint Residential Trust by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 581,094 shares of the financial services provider’s stock valued at $19,363,000 after buying an additional 2,277 shares during the last quarter. Finally, Inceptionr LLC purchased a new position in NexPoint Residential Trust in the 2nd quarter valued at about $333,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

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.