The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NexPoint Residential Trust Inc. shares valued at $1,006,120 were purchased by DONDERO JAMES D on Jun 16. At $59.01 per share, DONDERO JAMES D acquired 17,050 shares. The insider’s holdings grew to 2,033,188 shares worth approximately $119.67 million following the completion of this transaction.
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Also, Mitts Brian sold 1,100 shares, netting a total of over 99,880 in proceeds. Following the sale of shares at $90.80 each, the insider now holds 59,301 shares.
Before that, Mitts Brian had sold 1,000 shares from its account. In a trade valued at $87,580, the CFO, EVP Finance, Secy & Treas traded NexPoint Residential Trust Inc. shares for $87.58 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $3.56 million.
As published in their initiating research note from BTIG Research on May 09, 2022, NexPoint Residential Trust Inc. [NXRT] has been a Neutral. Analysts at Colliers Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. As of November 03, 2020, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for NXRT.
Analyzing NXRT’s Price Performance
On Wednesday, NexPoint Residential Trust Inc. [NYSE: NXRT] rose 1.03% to $58.86. The stock’s lowest price that day was $57.98, but it reached a high of $60.14 in the same session. During the last five days, there has been a drop of approximately -3.49%. Over the course of the year, NexPoint Residential Trust Inc. shares have dropped approximately -29.79%. Shares of the company reached a 52-week high of $95.04 on 04/28/22 and a 52-week low of $57.49 on 06/17/22. A 50-day SMA is recorded $76.17, while a 200-day SMA reached $76.86. Nevertheless, trading volume fell to 0.19 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for NexPoint Residential Trust Inc. (NXRT)
According to the 24-hour chart, there is a support level at 57.85, which, if violated, would cause prices to drop to 56.83. In the upper region, resistance lies at 60.01. The next price resistance is at 61.15. RSI (Relative Strength Index) is 24.73 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.82, which suggests the price will decrease in the coming days. Percent R is at 92.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of NexPoint Residential Trust Inc. (NXRT)?
According to BlackRock Fund Advisors filings, the company currently owns 3,427,838 shares, which is about 13.34% of the total NXRT shares outstanding. The investor’s shares have appreciated by 3,000 from its previous 13-F filing of 3424838.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $195,561,142. SSgA Funds Management, Inc. acquire a 10.66% interest valued at $100.23 million while Copeland Capital Management LLC sold a -74,573 stake. A total of 127 shares of NexPoint Residential Trust Inc. were sold by Geode Capital Management LLC during the quarter, and 10,366 were bought by Uniplan Investment Counsel, Inc. In its current portfolio, Highland Capital Management Fund holds 423,035 shares valued at $31.08 million.
In terms of NexPoint Residential Trust Inc. share price expectations, FactSet research, analysts set an average price target of $87.40 in the next 12 months, up nearly 51.05% from the previous closing price of $58.26. Analysts anticipate NexPoint Residential Trust Inc. stock to reach $90.00 by 2022, with the lowest price target being $83.00. On May 18, 2020, Raymond James assigned a price target of “a Strong buy” to the stock and upgraded coverage with a $37.