Insider Buying: NexPoint Residential Trust (NYSE:NXRT) Insider Purchases $48,740.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner acquired 2,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $24.37 per share, for a total transaction of $48,740.00. Following the completion of the acquisition, the insider owned 331,334 shares in the company, valued at approximately $8,074,609.58. The trade was a 0.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, March 11th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The stock was bought at an average price of $26.14 per share, with a total value of $26,140.00.
• On Monday, March 9th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $26.39 per share, for a total transaction of $26,390.00.
• On Thursday, March 5th, Matt Mcgraner purchased 1,000 shares of NexPoint Residential Trust stock. The shares were purchased at an average price of $27.79 per share, for a total transaction of $27,790.00.

NexPoint Residential Trust Trading Down 2.0%

Shares of NYSE NXRT opened at $24.62 on Friday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 5.27. The stock has a market capitalization of $625.65 million, a PE ratio of -19.39 and a beta of 1.19. NexPoint Residential Trust, Inc. has a twelve month low of $23.85 and a twelve month high of $40.78. The stock has a fifty day simple moving average of $28.49 and a 200-day simple moving average of $30.12.

NexPoint Residential Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid 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 yield of 8.6%. NexPoint Residential Trust’s dividend payout ratio is -166.93%.

Institutional Trading of NexPoint Residential Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of NexPoint Residential Trust by 5.7% in 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 buying an additional 2,942 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in NexPoint Residential Trust in the first quarter valued at $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 worth $525,000 after purchasing an additional 573 shares during the last quarter. Millennium Management LLC grew its holdings 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 worth $12,993,000 after purchasing an additional 44,391 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NexPoint Residential Trust by 5.8% during the first 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 purchasing an additional 7,217 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings reissued a “sell (d)” rating on shares of NexPoint Residential Trust in a research note on Thursday, January 22nd. Truist Financial cut their price target on NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Citigroup reiterated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Tuesday, March 10th. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of NexPoint Residential Trust in a report on Friday, February 27th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NexPoint Residential Trust presently has an average rating of “Reduce” and a consensus target price of $34.75.

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.