NexPoint Residential Trust Inc (NXRT) Insider James D. Dondero Purchases 24,788 Shares

NexPoint Residential Trust Inc (NYSE:NXRT) insider James D. Dondero bought 24,788 shares of the stock in a transaction on Monday, January 22nd. The stock was acquired at an average price of $27.23 per share, with a total value of $674,977.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NexPoint Residential Trust Inc (NYSE NXRT) opened at $23.40 on Thursday. NexPoint Residential Trust Inc has a 1-year low of $22.28 and a 1-year high of $29.40. The stock has a market capitalization of $512.58, a price-to-earnings ratio of 15.31, a P/E/G ratio of 2.91 and a beta of 0.72. The company has a current ratio of 1.72, a quick 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, February 13th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. NexPoint Residential Trust had a return on equity of 23.28% and a net margin of 37.00%. The business had revenue of $34.90 million during the quarter, compared to the consensus estimate of $36.28 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. NexPoint Residential Trust’s revenue was up 7.1% compared to the same quarter last year. analysts forecast that NexPoint Residential Trust Inc will post 1.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 19th. This represents a $1.00 annualized dividend and a yield of 4.27%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 40.32%.

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in NexPoint Residential Trust by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock worth $369,000 after buying an additional 385 shares in the last quarter. Teachers Advisors LLC boosted its position in NexPoint Residential Trust by 1.5% in the second quarter. Teachers Advisors LLC now owns 64,973 shares of the financial services provider’s stock worth $1,617,000 after purchasing an additional 969 shares during the last quarter. California Public Employees Retirement System boosted its position in NexPoint Residential Trust by 4.1% in the second quarter. California Public Employees Retirement System now owns 30,700 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 1,200 shares during the last quarter. Teachers Insurance & Annuity Association of America boosted its position in NexPoint Residential Trust by 12.6% in the fourth quarter. Teachers Insurance & Annuity Association of America now owns 19,294 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 2,154 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in NexPoint Residential Trust by 15.1% in the second quarter. Alliancebernstein L.P. now owns 17,190 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 2,260 shares during the last quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday. FBR & Co restated a “buy” rating and set a $27.00 price objective on shares of NexPoint Residential Trust in a report on Thursday, October 26th. B. Riley restated a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of NexPoint Residential Trust in a report on Wednesday, November 1st. ValuEngine downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.50.

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NexPoint Residential Trust Company Profile

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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