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 hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in shares of NexPoint Residential Trust by 19.8% in the second quarter. Renaissance Technologies LLC now owns 780,100 shares of the financial services provider’s stock worth $19,417,000 after buying an additional 129,000 shares during the period. State Street Corp raised its holdings in shares of NexPoint Residential Trust by 4.9% in the second quarter. State Street Corp now owns 548,705 shares of the financial services provider’s stock worth $13,653,000 after buying an additional 25,552 shares during the period. Numeric Investors LLC raised its holdings in shares of NexPoint Residential Trust by 61.0% in the second quarter. Numeric Investors LLC now owns 547,597 shares of the financial services provider’s stock worth $13,630,000 after buying an additional 207,460 shares during the period. Principal Financial Group Inc. raised its holdings in shares of NexPoint Residential Trust by 8.8% in the third quarter. Principal Financial Group Inc. now owns 326,921 shares of the financial services provider’s stock worth $7,758,000 after buying an additional 26,487 shares during the period. Finally, Boston Partners raised its holdings in shares of NexPoint Residential Trust by 89.0% in the third quarter. Boston Partners now owns 275,200 shares of the financial services provider’s stock worth $6,530,000 after buying an additional 129,600 shares during the period. Institutional investors and hedge funds own 56.62% of the company’s stock.

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.

TRADEMARK VIOLATION WARNING: This article was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/james-d-dondero-purchases-10000-shares-of-nexpoint-residential-trust-inc-nxrt-stock/1777734.html.

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.

Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.