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

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Matt Mcgraner purchased 6,082 shares of the business’s stock in a transaction on Friday, November 6th. The shares were acquired at an average price 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 trade represents a 1.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

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

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock opened at $15.80 on Tuesday. The business has a 50-day simple moving average of $19.90 and a 200-day simple moving average of $25.51. The company has a debt-to-equity ratio of 7.10, a quick ratio of 1.92 and a current ratio of 1.69. NexPoint Residential Trust, Inc. has a one year low of $15.72 and a one year high of $32.36. The company has a market cap of $403.64 million, a PE ratio of -10.75, a P/E/G ratio of 0.31 and a beta of 1.15.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.04). The firm had revenue of $64.47 million during the quarter, compared to analyst estimates of $64.87 million. NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. On average, equities research analysts forecast that NexPoint Residential Trust, Inc. will post 2.23 EPS for the current fiscal year.

NexPoint Residential Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.12 annualized dividend and a yield of 13.4%. NexPoint Residential Trust’s payout ratio is presently -144.22%.

Analysts Set New Price Targets

NXRT has been the topic of several research reports. Weiss Ratings raised NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Truist Financial lowered their price objective on shares of NexPoint Residential Trust from $26.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, September 29th. Zacks Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $20.50.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of large investors have recently modified their holdings of NXRT. Allworth Financial LP acquired a new position in NexPoint Residential Trust during the second quarter worth $33,000. Ameritas Advisory Services LLC acquired a new position in NexPoint Residential Trust during the second quarter worth about $39,000. PNC Financial Services Group Inc. lifted its position in shares of NexPoint Residential Trust by 29.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 397 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of NexPoint Residential Trust in the 2nd quarter worth approximately $51,000. Finally, Signaturefd LLC increased its stake in NexPoint Residential Trust by 183.0% in the 3rd quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 2,235 shares in the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

Key NexPoint Residential Trust News

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

• Positive Sentiment: Insiders Paul Richards and Matt McGraner reported buying a combined 18,292 shares for about $302,319 across transactions from Nov. 5–9. The purchases increased their respective holdings and may signal confidence in NXRT’s prospects. SEC filing for Richards’ purchases SEC filing for McGraner’s purchases
• Negative Sentiment: Director Brian Mitts sold 15,000 shares for about $256,050, reducing his stake by nearly 25%. The sale could weigh on sentiment, although the insider buying was larger in aggregate. SEC filing for Mitts’ sale
• Negative Sentiment: Recent quarterly results missed expectations: NXRT reported EPS of ($0.45) versus consensus of ($0.41), while revenue also came in slightly below estimates. The stock is trading near its 52-week low, reinforcing the pressure on shares.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.