NexPoint Residential Trust (NYSE:NXRT) Insider Purchases $101,310.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner bought 5,500 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were bought at an average price of $18.42 per share, for a total transaction of $101,310.00. Following the completion of the acquisition, the insider owned 361,605 shares in the company, valued at approximately $6,660,764.10. This trade represents a 1.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Matt Mcgraner also recently made the following trade(s):

• On Thursday, October 1st, Matt Mcgraner purchased 5,280 shares of NexPoint Residential Trust stock. The shares were bought at an average cost of $18.89 per share, for a total transaction of $99,739.20.

NexPoint Residential Trust Stock Down 3.7%

NYSE NXRT opened at $19.44 on Thursday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 6.41. NexPoint Residential Trust, Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $32.36. The business has a 50 day moving average price of $22.90 and a two-hundred day moving average price of $25.81. The stock has a market cap of $496.62 million, a PE ratio of -14.61, a P/E/G ratio of 0.52 and a beta of 1.18.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.03. The company had revenue of $64.61 million for the quarter, compared to analyst estimates of $63.78 million. NexPoint Residential Trust had a negative net margin of 13.22% and a negative return on equity of 11.75%. NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. As a group, sell-side analysts predict that NexPoint Residential Trust, Inc. will post 2.24 EPS for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.53 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 10.9%. NexPoint Residential Trust’s payout ratio is currently -159.40%.

Analysts Set New Price Targets

Several analysts have recently weighed in on NXRT shares. Truist Financial lowered their target price on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, September 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NexPoint Residential Trust in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $23.00 price target on NexPoint Residential Trust in a report on Wednesday, September 9th. Zacks Research lowered NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Citizens Jmp restated a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $20.50.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Paralel Advisors LLC bought a new position in NexPoint Residential Trust in the second quarter worth about $2,013,000. Bank of New York Mellon Corp bought a new position in shares of NexPoint Residential Trust during the second quarter valued at approximately $4,002,000. Public Employees Retirement System of Ohio bought a new position in shares of NexPoint Residential Trust during the second quarter valued at approximately $998,000. Legal & General Group Plc acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter worth approximately $1,311,000. Finally, BlackRock Inc. acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter worth approximately $118,748,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc (NYSE:NXRT) is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.

NexPoint Residential Trust’s portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.