NexPoint Residential Trust Inc (NYSE:NXRT) President James D. Dondero sold 647,063 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $24.26, for a total transaction of $15,697,748.38. Following the completion of the transaction, the president now directly owns 149,453 shares of the company’s stock, valued at $3,625,729.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NexPoint Residential Trust stock traded up $0.23 during midday trading on Thursday, hitting $24.18. 143,344 shares of the company were exchanged, compared to its average volume of 398,326. The business has a fifty day simple moving average of $43.99 and a two-hundred day simple moving average of $46.28. The company has a debt-to-equity ratio of 3.29, a quick ratio of 2.78 and a current ratio of 2.78. The firm has a market capitalization of $566.72 million, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.80 and a beta of 0.43. NexPoint Residential Trust Inc has a fifty-two week low of $22.38 and a fifty-two week high of $52.87.
NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($1.06). The firm had revenue of $49.68 million for the quarter, compared to analysts’ expectations of $50.51 million. NexPoint Residential Trust had a return on equity of 28.37% and a net margin of 54.74%. As a group, equities analysts expect that NexPoint Residential Trust Inc will post 2.3 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.313 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.18%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.28. NexPoint Residential Trust’s dividend payout ratio is 56.82%.
Several hedge funds have recently bought and sold shares of the company. American International Group Inc. grew its stake in NexPoint Residential Trust by 3.9% during the 4th quarter. American International Group Inc. now owns 12,415 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 464 shares in the last quarter. Schnieders Capital Management LLC boosted its holdings in shares of NexPoint Residential Trust by 3.9% in the 4th quarter. Schnieders Capital Management LLC now owns 13,275 shares of the financial services provider’s stock valued at $597,000 after buying an additional 500 shares in the last quarter. Capital Analysts LLC grew its position in shares of NexPoint Residential Trust by 112.9% in the 4th quarter. Capital Analysts LLC now owns 1,005 shares of the financial services provider’s stock valued at $45,000 after buying an additional 533 shares during the last quarter. California State Teachers Retirement System grew its position in shares of NexPoint Residential Trust by 2.0% in the 3rd quarter. California State Teachers Retirement System now owns 29,491 shares of the financial services provider’s stock valued at $1,379,000 after buying an additional 569 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY raised its stake in NexPoint Residential Trust by 9.1% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,339 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 614 shares in the last quarter. 73.69% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on NXRT. Raymond James boosted their target price on shares of NexPoint Residential Trust from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, February 24th. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $46.36.
About NexPoint Residential Trust
NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.
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