NexPoint Residential Trust, Inc. (NYSE:NXRT) Short Interest Down 16.4% in March

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 271,300 shares, a drop of 16.4% from the March 15th total of 324,500 shares. Based on an average daily trading volume, of 138,100 shares, the short-interest ratio is currently 2.0 days. Currently, 1.3% of the shares of the company are short sold.

Insider Transactions at NexPoint Residential Trust

In related news, insider Paul Richards purchased 5,814 shares of the business's stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $33.24 per share, with a total value of $193,257.36. Following the completion of the acquisition, the insider now owns 18,493 shares of the company's stock, valued at approximately $614,707.32. This trade represents a 45.86 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 15.36% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NXRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NexPoint Residential Trust by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider's stock valued at $531,000 after buying an additional 266 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of NexPoint Residential Trust by 8.6% during the fourth quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock worth $177,000 after acquiring an additional 336 shares during the last quarter. Capital Square LLC increased its holdings in shares of NexPoint Residential Trust by 2.9% during the fourth quarter. Capital Square LLC now owns 12,741 shares of the financial services provider's stock valued at $493,000 after acquiring an additional 356 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of NexPoint Residential Trust by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 141,120 shares of the financial services provider's stock valued at $5,892,000 after purchasing an additional 364 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in NexPoint Residential Trust by 2.0% in the 4th quarter. Sterling Capital Management LLC now owns 22,789 shares of the financial services provider's stock worth $951,000 after purchasing an additional 439 shares in the last quarter. 76.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NXRT has been the topic of several recent analyst reports. Raymond James decreased their target price on NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday, March 20th. StockNews.com cut shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Truist Financial increased their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a "hold" rating in a report on Monday, March 10th. Finally, Jefferies Financial Group boosted their target price on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.33.

NexPoint Residential Trust Stock Down 0.3 %

Shares of NYSE NXRT traded down $0.12 during midday trading on Friday, reaching $36.50. 88,182 shares of the company's stock traded hands, compared to its average volume of 131,658. The company has a market cap of $931.99 million, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.34 and a beta of 1.18. The stock's 50 day simple moving average is $38.12 and its 200-day simple moving average is $41.05. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a one year low of $30.98 and a one year high of $48.37.

NexPoint Residential Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 5.59%. NexPoint Residential Trust's dividend payout ratio (DPR) is presently -20,400.00%.

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.