Insider Selling: NexPoint Residential Trust, Inc. (NYSE:NXRT) Insider Sells 2,000 Shares of Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Brian Mitts sold 2,000 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $39.40, for a total value of $78,800.00. Following the completion of the sale, the insider now owns 65,696 shares of the company’s stock, valued at approximately $2,588,422.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Brian Mitts also recently made the following trade(s):

• On Thursday, May 2nd, Brian Mitts sold 5,000 shares of NexPoint Residential Trust stock. The stock was sold at an average price of $34.25, for a total value of $171,250.00.

NexPoint Residential Trust Stock Up 0.5 %

Shares of NXRT traded up $0.20 during mid-day trading on Tuesday, reaching $39.46. The company had a trading volume of 88,543 shares, compared to its average volume of 154,864. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.66 and a current ratio of 2.66. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35. The firm has a 50-day moving average price of $36.50 and a 200 day moving average price of $33.37. NexPoint Residential Trust, Inc. has a 52 week low of $26.21 and a 52 week high of $49.87.

NexPoint Residential Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.4624 dividend. This represents a $1.85 annualized dividend and a yield of 4.69%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, June 14th. NexPoint Residential Trust’s payout ratio is 65.37%.

Wall Street Analyst Weigh In

Several brokerages have commented on NXRT. Raymond James upgraded shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a report on Friday, May 24th. Truist Financial lifted their price objective on NexPoint Residential Trust from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, June 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $38.00 target price on shares of NexPoint Residential Trust in a research note on Tuesday, June 11th. Finally, JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, NexPoint Residential Trust currently has an average rating of “Hold” and an average price target of $37.75.

Hedge Funds Weigh In On NexPoint Residential Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. SRS Capital Advisors Inc. boosted its stake in NexPoint Residential Trust by 176.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 903 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 576 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of NexPoint Residential Trust by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 520 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter valued at $140,000. Price T Rowe Associates Inc. MD bought a new stake in NexPoint Residential Trust in the 1st quarter worth about $212,000. Finally, Daiwa Securities Group Inc. raised its position in NexPoint Residential Trust by 8.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,436 shares of the financial services provider’s stock worth $239,000 after buying an additional 610 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors.

NexPoint Residential Trust Company Profile

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.