Key Points
- Insider buying: Matt Mcgraner purchased 5,500 NXRT shares at an average of $18.42, investing $101,310 and increasing his direct ownership by 1.54%. He also bought 5,280 shares several days earlier.
- Stock and dividend: NXRT opened at $18.69, near its one-year low of $18.14, while paying a quarterly dividend of $0.53, or $2.12 annually, representing an 11.3% yield.
- Analyst outlook remains cautious: Analysts’ consensus rating is “Reduce,” with four Holds and two Sells and an average price target of $20.50. The company reported better-than-expected quarterly EPS but continues to have negative margins and return on equity.
NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Matt Mcgraner purchased 5,280 shares of the business's stock in a transaction dated Thursday, October 1st. The shares were purchased at an average cost of $18.89 per share, with a total value of $99,739.20. Following the completion of the purchase, the insider directly owned 356,105 shares in the company, valued at approximately $6,726,823.45. This represents a 1.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Matt Mcgraner also recently made the following trade(s):
- On Monday, October 5th, Matt Mcgraner purchased 5,500 shares of NexPoint Residential Trust stock. The shares were purchased at an average price of $18.42 per share, with a total value of $101,310.00.
NexPoint Residential Trust Trading Up 0.1%
Shares of NYSE NXRT opened at $18.69 on Tuesday. The stock has a market cap of $477.43 million, a price-to-earnings ratio of -14.05, a PEG ratio of 0.48 and a beta of 1.18. The business has a 50 day simple moving average of $23.18 and a 200 day simple moving average of $25.89. NexPoint Residential Trust, Inc. has a 52 week low of $18.14 and a 52 week high of $32.36. The company has a debt-to-equity ratio of 6.41, a quick ratio of 1.92 and a current ratio of 1.92.
NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.34) EPS for the quarter, topping analysts' consensus estimates of ($0.37) by $0.03. The firm had revenue of $64.61 million for the quarter, compared to the consensus estimate of $63.78 million. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%.NexPoint Residential Trust has set its FY 2026 guidance at 2.450-2.450 EPS. On average, research analysts predict that NexPoint Residential Trust, Inc. will post 2.24 earnings per share for the current fiscal year.
NexPoint Residential Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.53 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 11.3%. NexPoint Residential Trust's dividend payout ratio (DPR) is currently -159.40%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Paralel Advisors LLC acquired a new position in NexPoint Residential Trust during the 2nd quarter worth $2,013,000. Bank of New York Mellon Corp acquired a new stake in shares of NexPoint Residential Trust in the second quarter valued at about $4,002,000. Legal & General Group Plc bought a new position in shares of NexPoint Residential Trust in the second quarter worth about $1,311,000. Public Employees Retirement System of Ohio bought a new position in shares of NexPoint Residential Trust in the second quarter worth about $998,000. Finally, BlackRock Inc. acquired a new position in shares of NexPoint Residential Trust during the 2nd quarter worth about $118,748,000. Institutional investors own 76.61% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Citigroup reiterated a "market perform" rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Wall Street Zen raised NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 4th. Zacks Research downgraded NexPoint Residential Trust from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Weiss Ratings reissued a "sell (d+)" rating on shares of NexPoint Residential Trust in a report on Friday, July 31st. Finally, Truist Financial cut their price objective on NexPoint Residential Trust from $26.00 to $18.00 and set a "hold" rating on the stock in a research note on Tuesday, September 29th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, NexPoint Residential Trust presently has a consensus rating of "Reduce" and an average target price of $20.50.
Get Our Latest Research Report on NexPoint Residential Trust
About NexPoint Residential Trust
(
Get Free Report)
NexPoint Residential Trust, Inc (NYSE:NXRT) is a real estate investment trust focused on acquiring, owning and operating multifamily apartment communities in the United States. The company primarily targets properties in the Southeastern and Southwestern regions, with an emphasis on markets that offer population growth, employment expansion and favorable housing demand.
NexPoint Residential Trust's portfolio generally consists of Class A and Class B apartment communities. Its business strategy includes renovating and repositioning properties to improve their appeal, operating performance and long-term value.
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