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Paul Richards, the Chief Financial Officer of NexPoint Residential Trust, Inc. (NYSE:NXRT), recently purchased shares of the company's common stock valued at approximately $193,275. The timing is notable as InvestingPro data shows the stock has declined over 20% in the past week, with technical indicators suggesting oversold conditions. The transactions, which took place on April 7, 2025, involved the acquisition of a total of 5,814 shares at prices ranging from $33.10 to $34.14 per share.
Following these purchases, Richards now directly owns 18,493 shares of NexPoint Residential Trust. Additionally, he holds 3,788 shares indirectly through a 401(k) plan. These transactions were reported in a recent SEC filing.
In other recent news, NexPoint Residential Trust, Inc. reported a net loss of $26.9 million for the fourth quarter of 2024, with earnings per share at -$1.06, falling short of the forecasted -$0.2236. Revenue for the quarter was slightly below expectations at $63.8 million, compared to the forecast of $64.09 million. Despite these results, NexPoint's core funds from operations for 2024 reached $73.1 million, showing a compound annual growth rate of 10.8% since the company's inception. NexPoint Residential has also updated its ongoing "at the market" equity offering, having raised $62.3 million from selling 1,120,910 shares of common stock. The company plans to issue additional shares with an aggregate offering price of up to $162.7 million. Furthermore, NexPoint Residential has terminated its Equity Distribution Agreements with KeyBanc Capital Markets and Truist Securities, Inc. These developments are part of the company's strategy to focus on internal growth and renovations. The company completed 58 full and partial renovations in the fourth quarter, achieving a strong return on investment ranging from 20.8% to 64.8%. NexPoint's guidance for 2025 anticipates core funds from operations to range between $2.56 and $2.83 per share, with expectations for market rent growth of 1.5%.
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