Key Points
- Insider purchase: NexPoint insider Matt McGraner bought 1,000 shares on March 9 at an average price of $26.39 (a $26,390 transaction), bringing his direct holdings to 315,821 shares (~$8.33M), after also buying 1,000 shares on March 5 at $27.79.
- Dividend announced: The company declared a quarterly dividend of $0.53 per share (annualized $2.12) payable March 31 with an ex-dividend/record date of March 13, implying an ~8.0% yield and a payout ratio of -166.93%.
- Analyst view: The consensus rating is "Reduce" with a $37.83 average price target, based on five Hold and two Sell ratings from recent analyst reports.
NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Matt Mcgraner bought 1,000 shares of the stock in a transaction on Monday, March 9th. The stock was bought at an average price of $26.39 per share, for a total transaction of $26,390.00. Following the completion of the purchase, the insider directly owned 315,821 shares in the company, valued at approximately $8,334,516.19. The trade was a 0.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Matt Mcgraner also recently made the following trade(s):
- On Thursday, March 5th, Matt Mcgraner bought 1,000 shares of NexPoint Residential Trust stock. The stock was bought at an average cost of $27.79 per share, for a total transaction of $27,790.00.
NexPoint Residential Trust Stock Performance
Shares of NexPoint Residential Trust stock traded up $0.22 during trading hours on Thursday, hitting $26.54. 38,935 shares of the company were exchanged, compared to its average volume of 199,586. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 5.27. The business has a 50-day moving average of $29.75 and a 200-day moving average of $30.81. NexPoint Residential Trust, Inc. has a 1 year low of $26.00 and a 1 year high of $40.78. The stock has a market capitalization of $674.25 million, a price-to-earnings ratio of -20.89 and a beta of 1.19.
NexPoint Residential Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a yield of 8.0%. NexPoint Residential Trust's dividend payout ratio is presently -166.93%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of NexPoint Residential Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, January 16th. Raymond James Financial reissued an "underperform" rating on shares of NexPoint Residential Trust in a report on Friday, February 27th. Truist Financial set a $27.00 price objective on shares of NexPoint Residential Trust in a report on Wednesday. Wall Street Zen cut NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Finally, Citigroup reissued a "market perform" rating on shares of NexPoint Residential Trust in a report on Tuesday. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, NexPoint Residential Trust currently has an average rating of "Reduce" and a consensus price target of $37.83.
Get Our Latest Stock Report on NexPoint Residential Trust
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its stake in shares of NexPoint Residential Trust by 40.0% during the 4th quarter. Hsbc Holdings PLC now owns 76,951 shares of the financial services provider's stock worth $2,318,000 after purchasing an additional 21,981 shares during the last quarter. Starwood Capital Group Management L.L.C. lifted its stake in shares of NexPoint Residential Trust by 19.1% during the fourth 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 period. Tudor Investment Corp ET AL lifted its stake in shares of NexPoint Residential Trust by 1.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 130,391 shares of the financial services provider's stock valued at $3,925,000 after buying an additional 1,254 shares during the period. Inspire Investing LLC boosted its position in NexPoint Residential Trust by 10.7% during the fourth quarter. Inspire Investing LLC now owns 15,582 shares of the financial services provider's stock worth $469,000 after acquiring an additional 1,511 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in NexPoint Residential Trust in the 4th quarter worth approximately $210,000. 76.61% of the stock is currently owned by hedge funds and other 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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