NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Free Report) insider Matt Mcgraner bought 5,500 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were bought at an average cost of $18.42 per share, with a total value of $101,310.00. Following the transaction, the insider directly owned 361,605 shares of the company’s stock, valued at approximately $6,660,764.10. This trade represents a 1.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Matt Mcgraner also recently made the following trade(s):
- On Thursday, October 1st, Matt Mcgraner purchased 5,280 shares of NexPoint Residential Trust stock. The stock was purchased at an average cost of $18.89 per share, for a total transaction of $99,739.20.
NexPoint Residential Trust Stock Performance
Shares of NYSE NXRT traded up $0.02 during trading hours on Monday, hitting $18.69. 780,393 shares of the stock were exchanged, compared to its average volume of 939,440. The company has a debt-to-equity ratio of 6.41, a current ratio of 1.92 and a quick ratio of 1.92. The company’s 50 day moving average is $23.18 and its 200 day moving average is $25.89. The firm has a market capitalization of $477.43 million, a P/E ratio of -14.05, a P/E/G ratio of 0.48 and a beta of 1.18. NexPoint Residential Trust, Inc. has a one year low of $18.14 and a one year high of $32.36.
NexPoint Residential Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Tuesday, September 15th. NexPoint Residential Trust’s payout ratio is currently -159.40%.
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 business. Bank of New York Mellon Corp acquired a new position in NexPoint Residential Trust during the second quarter worth $4,002,000. Paralel Advisors LLC bought a new stake in shares of NexPoint Residential Trust in the 2nd quarter worth about $2,013,000. Legal & General Group Plc bought a new stake in shares of NexPoint Residential Trust in the 2nd quarter worth about $1,311,000. Public Employees Retirement System of Ohio acquired a new stake in shares of NexPoint Residential Trust during the 2nd quarter worth about $998,000. Finally, BlackRock Inc. bought a new position in NexPoint Residential Trust during the 2nd quarter valued at about $118,748,000. 76.61% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on NXRT. Wall Street Zen raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Zacks Research cut NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $23.00 target price on shares of NexPoint Residential Trust in a research note on Wednesday, September 9th. Finally, Citizens Jmp restated a “market perform” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 20th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $20.50.
Check Out Our Latest Stock Analysis on NXRT
NexPoint Residential Trust Company Profile
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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