Insider Buying: NexPoint Residential Trust Inc (NXRT) Insider Buys $26,870.00 in Stock

NexPoint Residential Trust Inc (NYSE:NXRT) insider James D. Dondero bought 1,000 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were bought at an average cost of $26.87 per share, with a total value of $26,870.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NexPoint Residential Trust Inc (NYSE NXRT) traded up $0.51 on Friday, hitting $26.96. The stock had a trading volume of 79,144 shares, compared to its average volume of 59,034. NexPoint Residential Trust Inc has a 12 month low of $22.28 and a 12 month high of $29.40. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $557.02, a PE ratio of 10.02, a price-to-earnings-growth ratio of 3.14 and a beta of 0.93.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, October 31st. The financial services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $2.14. NexPoint Residential Trust had a return on equity of 24.54% and a net margin of 40.80%. equities research analysts anticipate that NexPoint Residential Trust Inc will post 1.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.71%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, December 14th. NexPoint Residential Trust’s dividend payout ratio is presently 37.17%.

Several equities research analysts have recently weighed in on NXRT shares. Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, January 12th. BidaskClub cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. FBR & Co started coverage on NexPoint Residential Trust in a research 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 research report on Wednesday, November 1st. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. NexPoint Residential Trust currently has a consensus rating of “Buy” and a consensus target price of $28.50.

Several hedge funds and other institutional investors have recently modified their holdings of NXRT. Numeric Investors LLC raised its stake in shares of NexPoint Residential Trust by 61.0% in the second quarter. Numeric Investors LLC now owns 547,597 shares of the financial services provider’s stock valued at $13,630,000 after purchasing an additional 207,460 shares in the last quarter. Boston Partners raised its stake in shares of NexPoint Residential Trust by 89.0% in the third quarter. Boston Partners now owns 275,200 shares of the financial services provider’s stock valued at $6,530,000 after purchasing an additional 129,600 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of NexPoint Residential Trust by 19.8% in the second quarter. Renaissance Technologies LLC now owns 780,100 shares of the financial services provider’s stock valued at $19,417,000 after purchasing an additional 129,000 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of NexPoint Residential Trust by 109.3% in the third quarter. Russell Investments Group Ltd. now owns 220,919 shares of the financial services provider’s stock valued at $5,242,000 after purchasing an additional 115,368 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of NexPoint Residential Trust by 44.7% in the second quarter. Principal Financial Group Inc. now owns 300,434 shares of the financial services provider’s stock valued at $7,478,000 after purchasing an additional 92,818 shares in the last quarter. Institutional investors and hedge funds own 56.62% of the company’s stock.

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About NexPoint Residential Trust

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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