Key Points
- Insider Matt Mcgraner bought 6,365 NXRT shares at an average $15.70 each, spending about $99,931. The purchase increased his stake by 1.7% to 379,962 shares; it followed several other purchases in October and November.
- NexPoint Residential Trust reported quarterly EPS of -$0.45, missing the $-0.41 consensus, and revenue of $64.47 million, below expectations. Analysts’ consensus rating was “Reduce,” with an average price target of $20.50.
- The company announced a quarterly dividend of $0.53 per share, equivalent to a 13.6% annualized yield at the article’s cited share price. NXRT was trading at $15.54, near its 12-month low of $15.26.
NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) insider Matt Mcgraner bought 6,365 shares of NexPoint Residential Trust stock in a transaction dated Tuesday, November 10th. The stock was acquired at an average cost of $15.70 per share, for a total transaction of $99,930.50. Following the purchase, the insider directly owned 379,962 shares in the company, valued at approximately $5,965,403.40. The trade was a 1.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Matt Mcgraner also recently made the following trade(s):
- On Friday, November 6th, Matt Mcgraner purchased 6,082 shares of NexPoint Residential Trust stock. The shares were acquired at an average price of $16.38 per share, with a total value of $99,623.16.
- On Thursday, November 5th, Matt Mcgraner purchased 5,910 shares of NexPoint Residential Trust stock. The shares were acquired at an average price of $16.86 per share, with a total value of $99,642.60.
- On Monday, October 5th, Matt Mcgraner purchased 5,500 shares of NexPoint Residential Trust stock. The shares were acquired at an average cost of $18.42 per share, with a total value of $101,310.00.
- On Thursday, October 1st, Matt Mcgraner purchased 5,280 shares of NexPoint Residential Trust stock. The shares were acquired at an average cost of $18.89 per share, with a total value of $99,739.20.
NexPoint Residential Trust Trading Up 1.2%
NYSE NXRT traded up $0.18 during trading hours on Friday, hitting $15.54. The company's stock had a trading volume of 381,435 shares, compared to its average volume of 496,370. The stock has a fifty day moving average of $19.24 and a 200 day moving average of $25.22. NexPoint Residential Trust, Inc. has a twelve month low of $15.26 and a twelve month high of $32.36. The firm has a market capitalization of $397.17 million, a P/E ratio of -10.57, a PEG ratio of 0.27 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 7.10.
NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported ($0.45) earnings per share (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 business had revenue of $64.47 million during the quarter, compared to the consensus estimate of $64.87 million. Equities research analysts forecast that NexPoint Residential Trust, Inc. will post 2.23 earnings per share 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. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.12 annualized dividend and a dividend yield of 13.6%. NexPoint Residential Trust's payout ratio is presently -144.22%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on NXRT shares. Citizens Jmp reissued a "market perform" rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Zacks Research cut NexPoint Residential Trust from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 13th. Wall Street Zen downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, November 7th. Citigroup reiterated a "market perform" rating on shares of NexPoint Residential Trust in a report on Thursday, August 20th. Finally, Weiss Ratings lowered NexPoint Residential Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $20.50.
Check Out Our Latest Research Report on NXRT
Hedge Funds Weigh In On NexPoint Residential Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC bought a new stake in shares of NexPoint Residential Trust in the 2nd quarter valued at $39,000. PNC Financial Services Group Inc. increased its position in shares of NexPoint Residential Trust by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the financial services provider's stock valued at $43,000 after buying an additional 397 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of NexPoint Residential Trust in the 2nd quarter valued at $51,000. Finally, Signaturefd LLC raised its stake in NexPoint Residential Trust by 183.0% during the 3rd quarter. Signaturefd LLC now owns 3,456 shares of the financial services provider's stock worth $67,000 after buying an additional 2,235 shares during the period. 76.61% of the stock is owned by institutional investors.
NexPoint Residential Trust Company Profile
(
Get Free Report)
NexPoint Residential Trust, Inc. is a publicly traded real estate investment trust that owns and operates multifamily apartment communities in the United States. Its portfolio is concentrated in markets across the Southeast and Southwest. The company focuses primarily on garden-style apartment properties and pursues a value-add strategy, investing in renovations and operational improvements intended to enhance its communities. Its properties provide rental housing, including options aimed at middle-income residents.
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