NexPoint Residential Trust (NYSE:NXRT) Stock: Insider Matt Mcgraner Purchases 6,082 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner purchased 6,082 shares of the firm’s stock in a transaction on Friday, November 6th. The shares were acquired at an average cost of $16.38 per share, for a total transaction of $99,623.16. Following the completion of the purchase, the insider directly owned 373,597 shares of the company’s stock, valued at approximately $6,119,518.86. This represents a 1.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, November 5th, Matt Mcgraner acquired 5,910 shares of NexPoint Residential Trust stock. The stock was acquired at an average price of $16.86 per share, with a total value of $99,642.60.
• On Monday, October 5th, Matt Mcgraner acquired 5,500 shares of NexPoint Residential Trust stock. The stock was acquired at an average cost of $18.42 per share, with a total value of $101,310.00.
• On Thursday, October 1st, Matt Mcgraner acquired 5,280 shares of NexPoint Residential Trust stock. The stock was acquired at an average cost of $18.89 per share, with a total value of $99,739.20.

NexPoint Residential Trust Price Performance

NXRT stock opened at $15.74 on Wednesday. The company has a debt-to-equity ratio of 7.10, a quick ratio of 1.69 and a current ratio of 1.69. NexPoint Residential Trust, Inc. has a 52 week low of $15.46 and a 52 week high of $32.36. The firm’s fifty day moving average is $19.74 and its 200 day moving average is $25.44. The firm has a market cap of $402.16 million, a P/E ratio of -10.71, a P/E/G ratio of 0.27 and a beta of 1.15.

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

NexPoint Residential Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Tuesday, December 15th. NexPoint Residential Trust’s dividend payout ratio (DPR) is -144.22%.

Hedge Funds Weigh In On NexPoint Residential Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of NexPoint Residential Trust during the second quarter valued at about $118,748,000. Flax Pond Capital LLC bought a new stake in shares of NexPoint Residential Trust in the first quarter worth about $4,047,000. Bank of New York Mellon Corp bought a new stake in shares of NexPoint Residential Trust in the second quarter worth about $4,002,000. Paralel Advisors LLC bought a new stake in shares of NexPoint Residential Trust in the second quarter worth about $2,013,000. Finally, Bank of America Corp DE purchased a new position in NexPoint Residential Trust during the 2nd quarter valued at about $1,591,000. 76.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Wall Street Zen lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial decreased their price target on NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, September 29th. Citizens Jmp reaffirmed 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 price objective on NexPoint Residential Trust in a research report on Wednesday, September 9th. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $20.50.

NexPoint Residential Trust News Summary

Here are the key news stories impacting NexPoint Residential Trust this week:

• Positive Sentiment: Insiders Paul Richards and Matt McGraner bought a combined 18,292 shares for about $302,000 in transactions from Nov. 5–9, increasing their holdings. The buying may indicate confidence in NXRT at recent prices. Insider purchase report
• Negative Sentiment: Director Brian Mitts sold 15,000 shares for about $256,000, cutting his stake by nearly 25%. The sale could temper the positive signal from other insiders’ purchases.
• Negative Sentiment: Recent results provide a challenging backdrop: quarterly EPS and revenue both missed analyst expectations. Wall Street Zen also recently downgraded NXRT to “sell,” and the analyst consensus cited in the report was “reduce.” Shares were trading near their 52-week low, reflecting continued pressure.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc. is a publicly traded real estate investment trust that owns and operates multifamily apartment communities in the United States. Its portfolio is concentrated in markets across the Southeast and Southwest. The company focuses primarily on garden-style apartment properties and pursues a value-add strategy, investing in renovations and operational improvements intended to enhance its communities. Its properties provide rental housing, including options aimed at middle-income residents.