Insider Buying: NexPoint Residential Trust Inc (NXRT) Insider Purchases 14,065 Shares of Stock

NexPoint Residential Trust Inc (NYSE:NXRT) insider James D. Dondero purchased 14,065 shares of NexPoint Residential Trust stock in a transaction dated Tuesday, January 9th. The shares were bought at an average cost of $27.68 per share, for a total transaction of $389,319.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NexPoint Residential Trust Inc (NYSE:NXRT) opened at $26.01 on Friday. NexPoint Residential Trust Inc has a 12 month low of $22.28 and a 12 month high of $29.40. The company has a market cap of $558.28 and a P/E ratio of 16.78. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.09.

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

Several large investors have recently made changes to their positions in NXRT. Great West Life Assurance Co. Can increased its stake in shares of 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 valued at $254,000 after purchasing an additional 29 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of NexPoint Residential Trust by 21.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,908 shares of the financial services provider’s stock valued at $3,259,000 after purchasing an additional 23,482 shares during the period. Bank of New York Mellon Corp increased its stake in shares of NexPoint Residential Trust by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 182,979 shares of the financial services provider’s stock valued at $4,555,000 after purchasing an additional 4,939 shares during the period. Principal Financial Group Inc. increased 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 during the period. Finally, Chicago Equity Partners LLC acquired a new stake in shares of NexPoint Residential Trust in the second quarter valued at approximately $209,000. Institutional investors own 56.15% of the company’s stock.

A number of equities analysts have issued reports on NXRT shares. BidaskClub cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Zacks Investment Research raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. FBR & Co started coverage on shares of NexPoint Residential Trust in a report on Thursday, October 26th. They issued a “buy” rating and a $27.00 target price on the stock. B. Riley raised their target price on shares of NexPoint Residential Trust from $27.00 to $28.00 and gave the stock a “buy” rating 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $28.50.

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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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