Brian Mitts Sells 5,000 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Brian Mitts sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $34.25, for a total value of $171,250.00. Following the completion of the transaction, the insider now owns 66,947 shares in the company, valued at approximately $2,292,934.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NexPoint Residential Trust Trading Up 1.5 %

Shares of NYSE NXRT opened at $35.39 on Tuesday. The stock’s 50 day moving average price is $31.48 and its two-hundred day moving average price is $31.48. NexPoint Residential Trust, Inc. has a 52-week low of $26.21 and a 52-week high of $49.87. The stock has a market capitalization of $912.00 million, a P/E ratio of 12.51, a PEG ratio of 1.05 and a beta of 1.25. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 2.90.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.4624 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.85 annualized dividend and a yield of 5.23%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s dividend payout ratio is presently 65.37%.

Analyst Ratings Changes

NXRT has been the topic of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price target on shares of NexPoint Residential Trust in a research note on Wednesday, March 6th. Truist Financial cut their price target on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, April 9th. Raymond James cut NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on NexPoint Residential Trust in a research note on Tuesday, January 30th. They issued a “buy” rating and a $38.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, NexPoint Residential Trust has a consensus rating of “Hold” and an average target price of $37.25.

Institutional Trading of NexPoint Residential Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of NexPoint Residential Trust by 2.5% during the 4th quarter. SG Americas Securities LLC now owns 13,107 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 321 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of NexPoint Residential Trust by 1.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,196 shares of the financial services provider’s stock worth $875,000 after purchasing an additional 399 shares during the period. Nisa Investment Advisors LLC raised its position in shares of NexPoint Residential Trust by 4.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,579 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 492 shares during the period. Swiss National Bank raised its position in shares of NexPoint Residential Trust by 1.0% during the 3rd quarter. Swiss National Bank now owns 50,809 shares of the financial services provider’s stock worth $1,635,000 after purchasing an additional 500 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of NexPoint Residential Trust by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 520 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

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.