NexPoint Residential Trust's CFO Paul Richards buys $193k in shares

Paul Richards, the Chief Financial Officer of NexPoint Residential Trust, Inc. (NYSE:NXRT), recently acquired additional shares in the company, according to a Form 4 filing with the Securities and Exchange Commission. On April 7, Richards purchased a total of 5,814 shares of common stock in two separate transactions. The shares were bought at a weighted average price range between $33.10 and $34.14, amounting to a total purchase value of approximately $193,275. The timing is notable as the stock has declined over 20% in the past week, with InvestingPro data showing the shares currently trading near oversold levels.

Following these transactions, Richards now directly owns 18,493 shares of NexPoint Residential Trust. Additionally, he holds 3,788 shares indirectly through a 401(k) plan. This acquisition reflects Richards' growing stake in the real estate investment trust, which specializes in multifamily properties. With a market capitalization of $905 million and an attractive 6.29% dividend yield, InvestingPro analysis reveals 12 additional key insights about NXRT's valuation and performance metrics in their comprehensive Pro Research Report.

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 (EPS) at -$1.06, missing the forecasted -$0.2236. Revenue for the quarter was slightly below expectations, coming in at $63.8 million compared to the forecast of $64.09 million. Despite these earnings results, NexPoint's stock experienced a rise in pre-market trading. Additionally, NexPoint Residential Trust has updated its ongoing "at the market" equity offering, raising $62.3 million from the sale of 1,120,910 shares. The company has the potential to issue additional shares with an aggregate offering price of up to $162.7 million. NexPoint also terminated its Equity Distribution Agreements with KeyBanc Capital Markets and Truist Securities, Inc., which were previously involved in facilitating the sales of the company's common stock. Looking ahead, NexPoint has set guidance for 2025 with core funds from operations (FFO) expected to range between $2.56 and $2.83 per share. These developments reflect NexPoint's strategic focus on internal growth and renovations, despite challenges such as rising operational costs.

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