James D. Dondero Purchases 10,000 Shares of NexPoint Residential Trust, Inc. (NXRT) Stock
NexPoint Residential Trust, Inc. (NYSE:NXRT) insider James D. Dondero bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average price of $28.50 per share, for a total transaction of $285,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NexPoint Residential Trust, Inc. (NYSE NXRT) opened at $28.23 on Friday. NexPoint Residential Trust, Inc. has a 52-week low of $21.27 and a 52-week high of $29.40. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $584.40, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 4.78 and a beta of 0.93.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. NexPoint Residential Trust’s dividend payout ratio is 37.17%.
A number of equities research analysts recently commented on NXRT shares. B. Riley reiterated a “buy” rating and issued a $28.00 target price (up from $27.00) on shares of NexPoint Residential Trust in a research report on Wednesday, November 1st. Janney Montgomery Scott began coverage on NexPoint Residential Trust in a research report on Friday, September 8th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. ValuEngine downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, FBR & Co restated a “buy” rating and set a $27.00 price objective on shares of NexPoint Residential Trust in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.75.
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NexPoint Residential Trust Company Profile
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
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