NexPoint Residential Trust, Inc. (NXRT) Insider James D. Dondero Acquires 18,000 Shares

NexPoint Residential Trust, Inc. (NYSE:NXRT) insider James D. Dondero acquired 18,000 shares of NexPoint Residential Trust stock in a transaction on Thursday, December 14th. The shares were bought at an average cost of $26.65 per share, with a total value of $479,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NexPoint Residential Trust, Inc. (NYSE NXRT) traded down $0.01 on Friday, reaching $26.62. The company’s stock had a trading volume of 846,250 shares, compared to its average volume of 92,147. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.09. The stock has a market cap of $560.81, a P/E ratio of 16.85, a PEG ratio of 4.59 and a beta of 0.93. NexPoint Residential Trust, Inc. has a 12-month low of $20.48 and a 12-month high of $29.28.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 14th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 3.76%. NexPoint Residential Trust’s dividend payout ratio is currently 37.17%.

Several analysts have commented on NXRT shares. B. Riley upped their price objective on NexPoint Residential Trust from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. BidaskClub downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Finally, ValuEngine downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.75.

Institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP raised its stake in shares of NexPoint Residential Trust by 58.7% during the 3rd quarter. Susquehanna International Group LLP now owns 30,279 shares of the financial services provider’s stock worth $719,000 after buying an additional 11,197 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of NexPoint Residential Trust by 36.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,317 shares of the financial services provider’s stock worth $625,000 after buying an additional 6,988 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of NexPoint Residential Trust by 23.0% during the 3rd quarter. GSA Capital Partners LLP now owns 40,587 shares of the financial services provider’s stock worth $963,000 after buying an additional 7,600 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of NexPoint Residential Trust by 11.4% during the 3rd quarter. California Public Employees Retirement System now owns 34,210 shares of the financial services provider’s stock worth $812,000 after buying an additional 3,510 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in shares of NexPoint Residential Trust during the 3rd quarter worth approximately $415,000. 56.62% of the stock is owned by hedge funds and other institutional investors.

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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.

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