NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) Director Brian Mitts sold 15,000 shares of NexPoint Residential Trust stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $17.07, for a total value of $256,050.00. Following the sale, the director owned 45,289 shares of the company's stock, valued at approximately $773,083.23. This trade represents a 24.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
NexPoint Residential Trust Price Performance
NXRT stock opened at $15.80 on Tuesday. NexPoint Residential Trust, Inc. has a one year low of $15.72 and a one year high of $32.36. The firm has a 50 day simple moving average of $19.90 and a two-hundred day simple moving average of $25.51. The stock has a market cap of $403.64 million, a PE ratio of -10.75, a P/E/G ratio of 0.31 and a beta of 1.15. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.69 and a quick ratio of 1.92.
NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its earnings results on Tuesday, November 3rd. The financial services provider reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.04). NexPoint Residential Trust had a negative net margin of 14.59% and a negative return on equity of 14.29%. The firm had revenue of $64.47 million during the quarter, compared to the consensus estimate of $64.87 million. On average, analysts predict that NexPoint Residential Trust, Inc. will post 2.23 EPS for the current fiscal year.
NexPoint Residential Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.12 annualized dividend and a dividend yield of 13.4%. NexPoint Residential Trust's dividend payout ratio (DPR) is currently -144.22%.
Wall Street Analyst Weigh In
Several research analysts recently commented on NXRT shares. Citigroup reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Weiss Ratings upgraded NexPoint Residential Trust from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, October 27th. Citizens Jmp restated a "market perform" rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $23.00 price objective on shares of NexPoint Residential Trust in a research report on Wednesday, September 9th. Finally, Truist Financial dropped their price objective on NexPoint Residential Trust from $26.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday, September 29th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $20.50.
View Our Latest Report on NexPoint Residential Trust
Trending Headlines about NexPoint Residential Trust
Here are the key news stories impacting NexPoint Residential Trust this week:
- Positive Sentiment: Insiders Paul Richards and Matt McGraner reported buying a combined 18,292 shares for about $302,319 across transactions from Nov. 5–9. The purchases increased their respective holdings and may signal confidence in NXRT’s prospects. SEC filing for Richards’ purchases SEC filing for McGraner’s purchases
- Negative Sentiment: Director Brian Mitts sold 15,000 shares for about $256,050, reducing his stake by nearly 25%. The sale could weigh on sentiment, although the insider buying was larger in aggregate. SEC filing for Mitts’ sale
- Negative Sentiment: Recent quarterly results missed expectations: NXRT reported EPS of ($0.45) versus consensus of ($0.41), while revenue also came in slightly below estimates. The stock is trading near its 52-week low, reinforcing the pressure on shares.
Institutional Investors Weigh In On NexPoint Residential Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in NXRT. Russell Investments Group Ltd. raised its stake in NexPoint Residential Trust by 18.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 48,310 shares of the financial services provider's stock valued at $943,000 after buying an additional 7,421 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of NexPoint Residential Trust by 20.1% in the 3rd quarter. Alps Advisors Inc. now owns 10,550 shares of the financial services provider's stock worth $206,000 after buying an additional 1,765 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of NexPoint Residential Trust by 10.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 40,800 shares of the financial services provider's stock worth $796,000 after acquiring an additional 3,800 shares during the period. Signaturefd LLC grew its holdings in shares of NexPoint Residential Trust by 183.0% in the third quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider's stock worth $67,000 after acquiring an additional 2,235 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in shares of NexPoint Residential Trust by 52.2% in the third quarter. Evergreen Capital Management LLC now owns 13,837 shares of the financial services provider's stock worth $270,000 after acquiring an additional 4,744 shares during the period. Hedge funds and other institutional investors own 76.61% of the company's stock.
NexPoint Residential Trust Company Profile
(
Get Free Report)
NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.
NexPoint Residential Trust's portfolio is concentrated primarily in the Southeastern and Southwestern United States.
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