James D. Dondero Purchases 14,065 Shares of NexPoint Residential Trust Inc (NXRT) Stock

NexPoint Residential Trust Inc (NYSE:NXRT) insider James D. Dondero acquired 14,065 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was acquired at an average cost of $27.68 per share, with a total value of $389,319.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NexPoint Residential Trust Inc (NYSE NXRT) traded down $0.34 on Wednesday, reaching $27.39. The company’s stock had a trading volume of 75,249 shares, compared to its average volume of 121,964. The firm has a market capitalization of $576.81 and a P/E ratio of 10.14. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72. NexPoint Residential Trust Inc has a 12-month low of $22.28 and a 12-month high of $29.40.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.65%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, December 14th. NexPoint Residential Trust’s dividend payout ratio is 37.04%.

A number of brokerages recently issued reports on NXRT. Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Saturday. BidaskClub lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, October 6th. FBR & Co began coverage on NexPoint Residential Trust in a report on Thursday, October 26th. They issued a “buy” rating and a $27.00 price objective for the company. B. Riley reissued a “buy” rating and issued a $28.00 price objective (up from $27.00) on shares of NexPoint Residential Trust in a report on Wednesday, November 1st. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $28.25.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can lifted its position in NexPoint Residential Trust by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 29 shares during the period. The Manufacturers Life Insurance Company lifted its position in NexPoint Residential Trust by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 385 shares during the period. Teachers Advisors LLC lifted its position in NexPoint Residential Trust by 1.5% in the second quarter. Teachers Advisors LLC now owns 64,973 shares of the financial services provider’s stock worth $1,617,000 after purchasing an additional 969 shares during the period. California Public Employees Retirement System lifted its position in NexPoint Residential Trust by 4.1% in the second quarter. California Public Employees Retirement System now owns 30,700 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 1,200 shares during the period. Finally, Alliancebernstein L.P. lifted its position in NexPoint Residential Trust by 15.1% in the second quarter. Alliancebernstein L.P. now owns 17,190 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 2,260 shares during the period. Hedge funds and other institutional investors own 56.62% of the company’s stock.

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NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

Insider Buying and Selling by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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