NexPoint Residential Trust, Inc. (NYSE:NXRT) Insider Sells $78,800.00 in Stock

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Brian Mitts sold 2,000 shares of NexPoint Residential Trust 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 transaction, the insider now directly owns 65,696 shares in the company, valued at $2,588,422.40. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Price Performance

Shares of NXRT stock opened at $38.63 on Friday. The stock’s fifty day simple moving average is $36.72 and its 200 day simple moving average is $33.44. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market cap of $991.63 million, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.14 and a beta of 1.35. NexPoint Residential Trust, Inc. has a one year low of $26.21 and a one year high of $49.87.

NexPoint Residential Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.4624 dividend. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, June 14th. This represents a $1.85 annualized dividend and a yield of 4.79%. NexPoint Residential Trust’s payout ratio is currently 65.37%.

Institutional Trading of NexPoint Residential Trust

Several institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its stake in NexPoint Residential Trust by 22.0% in the 1st quarter. Janus Henderson Group PLC now owns 12,352 shares of the financial services provider’s stock valued at $397,000 after buying an additional 2,227 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in NexPoint Residential Trust in the 1st quarter valued at $212,000. BOKF NA raised its position in NexPoint Residential Trust by 3.1% in the 1st quarter. BOKF NA now owns 176,579 shares of the financial services provider’s stock valued at $5,575,000 after purchasing an additional 5,248 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in NexPoint Residential Trust by 1.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 47,286 shares of the financial services provider’s stock valued at $1,521,000 after purchasing an additional 477 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in NexPoint Residential Trust by 53.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,860 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 3,420 shares during the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

Wall Street Analysts Forecast Growth

NXRT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $38.00 price objective on shares of NexPoint Residential Trust in a report on Tuesday, June 11th. Truist Financial lifted their price objective on NexPoint Residential Trust from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, June 24th. Finally, Raymond James raised NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a report on Friday, May 24th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.75.

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.