Insider Buying: NexPoint Residential Trust Inc (NXRT) Insider Purchases 18,700 Shares of Stock

NexPoint Residential Trust Inc (NYSE:NXRT) insider James D. Dondero acquired 18,700 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were purchased at an average price of $26.98 per share, for a total transaction of $504,526.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

NexPoint Residential Trust Inc (NXRT) traded up $0.51 during midday trading on Friday, hitting $26.96. 79,144 shares of the stock were exchanged, compared to its average volume of 71,815. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $566.92, a PE ratio of 10.02, a PEG ratio of 3.20 and a beta of 0.93. NexPoint Residential Trust Inc has a 12-month low of $22.28 and a 12-month high of $29.40.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $2.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $2.14. NexPoint Residential Trust had a net margin of 40.80% and a return on equity of 24.54%. research analysts forecast that NexPoint Residential Trust Inc will post 1.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, December 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.71%. NexPoint Residential Trust’s dividend payout ratio is presently 37.17%.

NXRT has been the topic of a number of analyst reports. ValuEngine cut shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. B. Riley reiterated a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. FBR & Co reiterated a “buy” rating and set a $27.00 price objective on shares of NexPoint Residential Trust in a research report on Thursday, October 26th. Zacks Investment Research cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $28.50.

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of NexPoint Residential Trust by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 385 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of NexPoint Residential Trust by 15.1% in the second quarter. Alliancebernstein L.P. now owns 17,190 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 2,260 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of NexPoint Residential Trust in the third quarter worth about $415,000. First Trust Advisors LP bought a new position in shares of NexPoint Residential Trust in the third quarter worth about $478,000. Finally, New York State Common Retirement Fund grew its holdings in shares of NexPoint Residential Trust by 30.2% in the second quarter. New York State Common Retirement Fund now owns 22,968 shares of the financial services provider’s stock worth $572,000 after purchasing an additional 5,323 shares during the last quarter. Hedge funds and other institutional investors own 56.62% of the company’s stock.

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About NexPoint Residential Trust

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.

Insider Buying and Selling by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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