NexPoint Residential Trust (NYSE:NXRT) Insider Acquires $26,390.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $26.39 per share, with a total value of $26,390.00. Following the completion of the acquisition, the insider directly owned 315,821 shares in the company, valued at approximately $8,334,516.19. The trade was a 0.32% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 5th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $27.79 per share, with a total value of $27,790.00.

NexPoint Residential Trust Stock Performance

NYSE:NXRT traded down $0.50 during mid-day trading on Wednesday, reaching $26.31. 198,098 shares of the stock were exchanged, compared to its average volume of 203,044. The stock has a market capitalization of $668.49 million, a P/E ratio of -20.71 and a beta of 1.19. NexPoint Residential Trust, Inc. has a 1 year low of $26.00 and a 1 year high of $40.78. The company has a 50 day simple moving average of $29.82 and a 200-day simple moving average of $30.85. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 5.27.

NexPoint Residential Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given 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 8.1%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -166.93%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NXRT. Smartleaf Asset Management LLC lifted its holdings in shares of NexPoint Residential Trust by 205.0% during the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 576 shares during the period. Federation des caisses Desjardins du Quebec increased its stake in NexPoint Residential Trust by 27.4% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider’s stock valued at $54,000 after buying an additional 386 shares during the period. Versant Capital Management Inc raised its position in NexPoint Residential Trust by 334.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider’s stock worth $62,000 after buying an additional 1,491 shares during the last quarter. Tower Research Capital LLC TRC raised its position in NexPoint Residential Trust by 121.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider’s stock worth $88,000 after buying an additional 1,455 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of NexPoint Residential Trust in the 4th quarter worth $96,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Tuesday. 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. Truist Financial set a $27.00 price objective on shares of NexPoint Residential Trust in a research note on Wednesday. Raymond James Financial restated an “underperform” rating on shares of NexPoint Residential Trust in a research note on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexPoint Residential Trust in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, NexPoint Residential Trust 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.