Insider Buying: NexPoint Residential Trust (NYSE:NXRT) Insider Purchases $44,548.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Paul Richards bought 2,800 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was purchased at an average price of $15.91 per share, with a total value of $44,548.00. Following the completion of the transaction, the insider directly owned 38,403 shares in the company, valued at approximately $610,991.73. This represents a 7.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 6th, Paul Richards purchased 500 shares of NexPoint Residential Trust stock. The shares were purchased at an average cost of $16.33 per share, with a total value of $8,165.00.
• On Thursday, November 5th, Paul Richards purchased 3,000 shares of NexPoint Residential Trust stock. The shares were purchased at an average price of $16.78 per share, for a total transaction of $50,340.00.

NexPoint Residential Trust Price Performance

Shares of NXRT stock traded down $0.46 during trading hours on Monday, reaching $15.80. The company’s stock had a trading volume of 679,878 shares, compared to its average volume of 465,244. The firm’s 50 day simple moving average is $19.90 and its 200-day simple moving average is $25.51. The company has a market capitalization of $403.64 million, a price-to-earnings ratio of -10.75, a PEG ratio of 0.31 and a beta of 1.15. NexPoint Residential Trust, Inc. has a fifty-two week low of $15.72 and a fifty-two week high of $32.36. The company has a quick ratio of 1.92, a current ratio of 1.69 and a debt-to-equity ratio of 7.10.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.04). NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. The business had revenue of $64.47 million during the quarter, compared to the consensus estimate of $64.87 million. Sell-side analysts forecast that NexPoint Residential Trust, Inc. will post 2.23 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.12 annualized dividend and a yield of 13.4%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -144.22%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research downgraded NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Citizens Jmp reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 27th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, NexPoint Residential Trust has an average rating of “Reduce” and a consensus target price of $20.50.

Institutional Investors Weigh In On NexPoint Residential Trust

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in NexPoint Residential Trust during the 2nd quarter worth $4,002,000. Paralel Advisors LLC bought a new position in NexPoint Residential Trust in the second quarter valued at about $2,013,000. Legal & General Group Plc bought a new position in NexPoint Residential Trust in the second quarter valued at about $1,311,000. Public Employees Retirement System of Ohio acquired a new stake in shares of NexPoint Residential Trust during the second quarter valued at about $998,000. Finally, Bank of America Corp DE acquired a new stake in shares of NexPoint Residential Trust during the second quarter valued at about $1,591,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.