Key Points
- Insider purchase: Matt Mcgraner bought 1,000 shares on March 5 at an average price of $27.79, raising his direct stake to 313,821 shares (a 0.32% increase) valued at about $8.72 million.
- Dividend announced: NexPoint declared a quarterly dividend of $0.53 per share (annualized $2.12) for a yield of 7.9%, with an ex-dividend date of March 13 and payment on March 31.
- Analyst sentiment is mixed-to-negative, with a MarketBeat consensus rating of "Reduce" and a consensus target price of $38.83 after recent hold/sell and underperform actions by several firms.
NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Matt Mcgraner acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average price of $27.79 per share, with a total value of $27,790.00. Following the completion of the acquisition, the insider directly owned 313,821 shares of the company's stock, valued at $8,721,085.59. This represents a 0.32% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.
NexPoint Residential Trust Trading Down 1.9%
NexPoint Residential Trust stock opened at $26.89 on Tuesday. NexPoint Residential Trust, Inc. has a one year low of $26.00 and a one year high of $41.30. The company's fifty day moving average price is $29.89 and its two-hundred day moving average price is $30.89. The company has a debt-to-equity ratio of 5.27, a current ratio of 2.27 and a quick ratio of 2.27. The company has a market capitalization of $683.25 million, a price-to-earnings ratio of -21.17 and a beta of 1.19.
NexPoint Residential Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, March 13th. NexPoint Residential Trust's dividend payout ratio is -166.93%.
Analyst Ratings Changes
NXRT has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of NexPoint Residential Trust in a research note on Thursday, January 22nd. Zacks Research raised NexPoint Residential Trust from a "strong sell" rating to a "hold" rating in a research report on Friday, January 16th. Wall Street Zen downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Raymond James Financial reissued an "underperform" rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Finally, Truist Financial reduced their price objective on shares of NexPoint Residential Trust from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, January 20th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $38.83.
Check Out Our Latest Stock Report on NXRT
Hedge Funds Weigh In On NexPoint Residential Trust
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of NexPoint Residential Trust by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,436,034 shares of the financial services provider's stock worth $73,325,000 after purchasing an additional 70,310 shares during the last quarter. State Street Corp boosted its stake in NexPoint Residential Trust by 1.0% during the 4th quarter. State Street Corp now owns 1,298,438 shares of the financial services provider's stock valued at $39,083,000 after purchasing an additional 12,424 shares during the period. Starwood Capital Group Management L.L.C. grew its holdings in NexPoint Residential Trust by 19.1% in the 4th quarter. Starwood Capital Group Management L.L.C. now owns 989,419 shares of the financial services provider's stock valued at $29,782,000 after buying an additional 158,750 shares during the last quarter. Long Pond Capital LP grew its holdings in NexPoint Residential Trust by 54.9% in the 4th quarter. Long Pond Capital LP now owns 842,870 shares of the financial services provider's stock valued at $25,370,000 after buying an additional 298,781 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in NexPoint Residential Trust by 49.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 827,052 shares of the financial services provider's stock valued at $24,894,000 after buying an additional 272,391 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors.
About NexPoint Residential Trust
(
Get Free Report)
NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.
The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.
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