Key Points
- Insider buying: NexPoint director Paul Richards bought 1,500 shares on March 19 at $24.81 and, combined with recent purchases (2,000 on March 9 and 200 on March 20), now directly owns 30,359 shares, a ~5.20% increase in his stake valued at roughly $753,207.
- Dividend announced: The company declared a quarterly dividend of $0.53 (annualized $2.12) with an ex-dividend date of March 13 and payment on March 31, implying a yield of about 8.4%.
- Analyst view: The stock carries a MarketBeat consensus of "Reduce" with a $34.75 average price target after several downgrades and mixed analyst actions (five Hold, two Sell ratings).
NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Paul Richards acquired 1,500 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of $24.81 per share, for a total transaction of $37,215.00. Following the purchase, the insider directly owned 30,359 shares in the company, valued at approximately $753,206.79. This trade represents a 5.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Paul Richards also recently made the following trade(s):
- On Friday, March 20th, Paul Richards bought 200 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $24.11 per share, with a total value of $4,822.00.
- On Monday, March 9th, Paul Richards bought 2,000 shares of NexPoint Residential Trust stock. The stock was purchased at an average price of $26.34 per share, with a total value of $52,680.00.
NexPoint Residential Trust Stock Performance
Shares of NYSE NXRT opened at $25.18 on Thursday. The company has a market capitalization of $639.77 million, a PE ratio of -19.83 and a beta of 1.19. The company has a debt-to-equity ratio of 5.27, a quick ratio of 2.27 and a current ratio of 2.27. The company's fifty day moving average price is $28.76 and its 200 day moving average price is $30.23. NexPoint Residential Trust, Inc. has a 1 year low of $23.85 and a 1 year high of $40.78.
NexPoint Residential Trust Announces Dividend
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 $0.53 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.4%. NexPoint Residential Trust's dividend payout ratio is -166.93%.
Hedge Funds Weigh In On NexPoint Residential Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its position in shares of NexPoint Residential Trust by 205.0% in the third quarter. Smartleaf Asset Management LLC now owns 857 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 576 shares during the period. Federation des caisses Desjardins du Quebec raised its position in shares of NexPoint Residential Trust by 27.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,796 shares of the financial services provider's stock worth $54,000 after purchasing an additional 386 shares during the last quarter. Versant Capital Management Inc raised its position in shares of NexPoint Residential Trust by 334.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,937 shares of the financial services provider's stock worth $62,000 after purchasing an additional 1,491 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in NexPoint Residential Trust by 121.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,656 shares of the financial services provider's stock valued at $88,000 after buying an additional 1,455 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in NexPoint Residential Trust in the 4th quarter valued at about $96,000. 76.61% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Truist Financial dropped their target price on NexPoint Residential Trust from $30.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, March 11th. Zacks Research raised NexPoint Residential Trust from a "strong sell" rating to a "hold" rating in a report on Friday, January 16th. Wall Street Zen downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Weiss Ratings reissued a "sell (d)" rating on shares of NexPoint Residential Trust in a report on Thursday, January 22nd. Finally, Citigroup restated a "market perform" rating on shares of NexPoint Residential Trust in a research report on Tuesday, March 10th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $34.75.
Check Out Our Latest Research Report on NexPoint Residential Trust
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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