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

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 shares were 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 opened at $39.46 on Wednesday. NexPoint Residential Trust, Inc. has a 52-week low of $26.21 and a 52-week high of $49.87. The company has a market capitalization of $1.01 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35. The stock has a fifty day simple moving average of $36.50 and a two-hundred day simple moving average of $33.37. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 2.90.

NexPoint Residential Trust Increases Dividend

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On NexPoint Residential Trust

Hedge funds have recently modified their holdings of the business. SRS Capital Advisors Inc. grew its holdings in shares of 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 worth $31,000 after purchasing an additional 576 shares during the period. Van ECK Associates Corp grew its holdings 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. Quest Partners LLC purchased a new position in shares of NexPoint Residential Trust during the 4th quarter worth $140,000. Price T Rowe Associates Inc. MD purchased a new position in shares of NexPoint Residential Trust during the 1st quarter worth $212,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of NexPoint Residential Trust by 8.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,436 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 610 shares during the period. 76.61% of the stock is currently owned by hedge funds and other 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.