NexPoint Residential Trust Inc (NASDAQ:NXRT) insider Matt Mcgraner acquired 1,000 shares of NexPoint Residential Trust stock in a transaction dated Tuesday, October 4th. The stock was purchased at an average price of $18.50 per share, with a total value of $18,500.00. Following the completion of the purchase, the insider now directly owns 13,573 shares of the company’s stock, valued at approximately $251,100.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NexPoint Residential Trust Inc (NASDAQ:NXRT) opened at 17.81 on Monday. The company’s 50-day moving average is $20.00 and its 200 day moving average is $17.15. NexPoint Residential Trust Inc has a 1-year low of $10.35 and a 1-year high of $21.47.
NexPoint Residential Trust (NASDAQ:NXRT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $33.70 million for the quarter, compared to the consensus estimate of $33.50 million. On average, equities research analysts expect that NexPoint Residential Trust Inc will post $1.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.206 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.82 annualized dividend and a dividend yield of 4.63%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 30th. Canaccord Genuity assumed coverage on shares of NexPoint Residential Trust in a research note on Tuesday, June 28th. They issued a “buy” rating and a $20.00 price objective for the company. DA Davidson restated a “buy” rating and issued a $23.00 price objective on shares of NexPoint Residential Trust in a research note on Friday, August 26th. Finally, Compass Point assumed coverage on shares of NexPoint Residential Trust in a research note on Friday, September 23rd. They issued a “buy” rating and a $24.00 price objective for the company.
A hedge fund recently bought a new stake in NexPoint Residential Trust stock. Wedge Capital Management L L P NC purchased a new stake in NexPoint Residential Trust Inc (NASDAQ:NXRT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 74,608 shares of the company’s stock, valued at approximately $1,358,000.
About NexPoint Residential Trust
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company’s business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P.
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