NexPoint Residential Trust Inc (NXRT) Insider James D. Dondero Purchases 1,100 Shares
NexPoint Residential Trust Inc (NASDAQ:NXRT) insider James D. Dondero bought 1,100 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was bought at an average price of $23.37 per share, for a total transaction of $25,707.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
NexPoint Residential Trust Inc (NASDAQ:NXRT) traded up 0.59% during trading on Thursday, reaching $23.94. 61,819 shares of the company were exchanged. NexPoint Residential Trust Inc has a 12 month low of $16.67 and a 12 month high of $26.10. The firm has a market capitalization of $503.77 million and a PE ratio of 45.51. The stock has a 50 day moving average price of $23.59 and a 200 day moving average price of $23.59.
NexPoint Residential Trust (NASDAQ:NXRT) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The business had revenue of $35.23 million during the quarter, compared to analyst estimates of $35.95 million. NexPoint Residential Trust had a net margin of 28.18% and a return on equity of 14.15%. NexPoint Residential Trust’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. On average, analysts expect that NexPoint Residential Trust Inc will post ($0.10) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.68%.
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Several brokerages have recently issued reports on NXRT. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of NexPoint Residential Trust in a research report on Wednesday, August 2nd. Canaccord Genuity set a $28.00 price target on shares of NexPoint Residential Trust and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Janney Montgomery Scott assumed coverage on shares of NexPoint Residential Trust in a research report on Friday, September 8th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.00.
A number of hedge funds and other institutional investors have recently modified their holdings of NXRT. Chicago Equity Partners LLC acquired a new stake in NexPoint Residential Trust in the 2nd quarter valued at about $209,000. Great West Life Assurance Co. Can grew its stake in NexPoint Residential Trust by 0.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the company’s stock valued at $254,000 after acquiring an additional 29 shares during the last quarter. American International Group Inc. grew its stake in NexPoint Residential Trust by 7.1% in the 1st quarter. American International Group Inc. now owns 11,059 shares of the company’s stock valued at $267,000 after acquiring an additional 731 shares during the last quarter. Alliancebernstein L.P. grew its stake in NexPoint Residential Trust by 17.6% in the 1st quarter. Alliancebernstein L.P. now owns 14,930 shares of the company’s stock valued at $361,000 after acquiring an additional 2,230 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in NexPoint Residential Trust by 2.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the company’s stock valued at $369,000 after acquiring an additional 385 shares during the last quarter.
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.
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