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

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider Brian Mitts sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $39.40, for a total transaction of $78,800.00. Following the completion of the transaction, the insider now owns 65,696 shares in the company, valued at $2,588,422.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 transaction of $171,250.00.

NexPoint Residential Trust Trading Down 1.8 %

Shares of NexPoint Residential Trust stock opened at $38.69 on Thursday. The company has a market capitalization of $993.17 million, a price-to-earnings ratio of 13.67, a PEG ratio of 1.17 and a beta of 1.35. 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, Inc. has a 12-month low of $26.21 and a 12-month high of $49.87. The firm’s 50-day moving average price is $36.60 and its two-hundred day moving average price is $33.40.

NexPoint Residential Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.4624 per share. This represents a $1.85 dividend on an annualized basis and a yield of 4.78%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, June 14th. NexPoint Residential Trust’s dividend payout ratio is presently 65.37%.

Analyst Ratings Changes

NXRT has been the topic of several research reports. JMP Securities restated 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. Raymond James upgraded shares of NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research note on Friday, May 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $38.00 price target on shares of NexPoint Residential Trust in a research note on Tuesday, June 11th. Finally, Truist Financial upped their price target on shares of NexPoint Residential Trust from $34.00 to $37.00 and gave the company 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.75.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of large investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its holdings in shares of NexPoint Residential Trust by 176.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 903 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 576 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of NexPoint Residential Trust by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 520 shares during the last quarter. Quest Partners LLC bought a new position in shares of NexPoint Residential Trust in the fourth quarter worth about $140,000. Price T Rowe Associates Inc. MD bought a new position in shares of NexPoint Residential Trust in the first quarter worth about $212,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of NexPoint Residential Trust by 8.9% in the first quarter. Daiwa Securities Group Inc. now owns 7,436 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 610 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.