NexPoint Residential Trust, Inc. (NYSE:NXRT) Insider Brian Mitts Sells 5,000 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Brian Mitts sold 5,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $34.25, for a total value of $171,250.00. Following the completion of the sale, the insider now owns 66,947 shares in the company, valued at approximately $2,292,934.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock opened at $35.39 on Tuesday. The firm has a market cap of $912.00 million, a P/E ratio of 12.51, a P/E/G ratio of 1.05 and a beta of 1.25. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 2.90. NexPoint Residential Trust, Inc. has a 12 month low of $26.21 and a 12 month high of $49.87. The stock’s fifty day moving average price is $31.48 and its 200-day moving average price is $31.48.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.4624 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.85 dividend on an annualized basis and a yield of 5.23%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 65.37%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of NexPoint Residential Trust in a research note on Wednesday, March 6th. Truist Financial reduced their target price on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on NexPoint Residential Trust in a research note on Tuesday, January 30th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Raymond James lowered NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, NexPoint Residential Trust has an average rating of “Hold” and a consensus target price of $37.25.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its position in NexPoint Residential Trust by 8.9% during the first quarter. Daiwa Securities Group Inc. now owns 7,436 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 610 shares in the last quarter. BNP Paribas Financial Markets boosted its position in NexPoint Residential Trust by 6.7% during the first quarter. BNP Paribas Financial Markets now owns 31,164 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 1,955 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in NexPoint Residential Trust by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,847 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 914 shares in the last quarter. Principal Financial Group Inc. boosted its position in NexPoint Residential Trust by 6.7% during the first quarter. Principal Financial Group Inc. now owns 127,067 shares of the financial services provider’s stock valued at $4,090,000 after purchasing an additional 8,022 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in NexPoint Residential Trust by 1.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,196 shares of the financial services provider’s stock worth $875,000 after acquiring an additional 399 shares in the last quarter. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.