NexPoint Residential Trust (NYSE:NXRT) Insider Purchases $99,739.20 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner acquired 5,280 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average cost of $18.89 per share, with a total value of $99,739.20. Following the completion of the acquisition, the insider owned 356,105 shares of the company’s stock, valued at $6,726,823.45. The trade was a 1.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 5th, Matt Mcgraner bought 5,500 shares of NexPoint Residential Trust stock. The shares were purchased at an average cost of $18.42 per share, for a total transaction of $101,310.00.

NexPoint Residential Trust Stock Performance

Shares of NXRT traded up $0.02 during mid-day trading on Monday, hitting $18.69. The stock had a trading volume of 780,393 shares, compared to its average volume of 939,440. NexPoint Residential Trust, Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $32.36. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 6.41. The company has a market cap of $477.43 million, a PE ratio of -14.05, a PEG ratio of 0.48 and a beta of 1.18. The company’s fifty day simple moving average is $23.18 and its two-hundred day simple moving average is $25.89.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.03. The business had revenue of $64.61 million for the quarter, compared to analyst estimates of $63.78 million. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%.NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, equities analysts expect that NexPoint Residential Trust, Inc. will post 2.24 earnings per share for the current year.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $0.53 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.12 annualized dividend and a yield of 11.3%. NexPoint Residential Trust’s dividend payout ratio is -159.40%.

Institutional Trading of NexPoint Residential Trust

Several hedge funds have recently added to or reduced their stakes in NXRT. BlackRock Inc. acquired a new position in NexPoint Residential Trust during the 2nd quarter worth $118,748,000. Marnell Management LLC acquired a new position in shares of NexPoint Residential Trust during the fourth quarter valued at $5,220,000. Flax Pond Capital LLC acquired a new position in shares of NexPoint Residential Trust during the first quarter valued at $4,047,000. Bank of New York Mellon Corp bought a new stake in shares of NexPoint Residential Trust during the second quarter valued at about $4,002,000. Finally, Legal & General Group Plc raised its stake in shares of NexPoint Residential Trust by 5.2% during the fourth quarter. Legal & General Group Plc now owns 141,965 shares of the financial services provider’s stock valued at $4,273,000 after purchasing an additional 7,080 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NXRT. Wall Street Zen upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Zacks Research downgraded NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Weiss Ratings restated a “sell (d+)” rating on shares of NexPoint Residential Trust in a research report on Friday, July 31st. Citizens Jmp restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft set a $23.00 target price on NexPoint Residential Trust in a research report on Wednesday, September 9th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $20.50.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc (NYSE:NXRT) is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.

NexPoint Residential Trust’s portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.