NexPoint Residential Trust, Inc. (NXRT) Insider Acquires $479,700.00 in Stock
NexPoint Residential Trust, Inc. (NYSE:NXRT) insider James D. Dondero purchased 18,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of $26.65 per share, for a total transaction of $479,700.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
NexPoint Residential Trust, Inc. (NYSE:NXRT) traded down $0.01 during mid-day trading on Friday, reaching $26.62. 846,200 shares of the company’s stock were exchanged, compared to its average volume of 82,612. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72. NexPoint Residential Trust, Inc. has a fifty-two week low of $20.48 and a fifty-two week high of $29.28. The company has a market capitalization of $578.92, a PE ratio of 17.40, a price-to-earnings-growth ratio of 4.74 and a beta of 0.93.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.25 per share. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.76%. NexPoint Residential Trust’s payout ratio is 32.71%.
A number of hedge funds have recently bought and sold shares of NXRT. Chicago Equity Partners LLC bought a new position in NexPoint Residential Trust during the second quarter valued at $209,000. Great West Life Assurance Co. Can boosted its stake in shares of NexPoint Residential Trust by 0.3% during the second quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 29 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of NexPoint Residential Trust by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 385 shares during the period. Virginia Retirement Systems ET AL boosted its stake in shares of NexPoint Residential Trust by 7.6% during the second quarter. Virginia Retirement Systems ET AL now owns 15,500 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 1,100 shares during the period. Finally, Boothbay Fund Management LLC purchased a new stake in shares of NexPoint Residential Trust during the third quarter valued at $415,000. Institutional investors and hedge funds own 56.62% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/15/nexpoint-residential-trust-inc-nxrt-insider-acquires-479700-00-in-stock.html.
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.
Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.