NXRT - Insider Transaction: Brian Mitts Sells $168K Worth Of NexPoint Residential Shares | Benzinga
On January 10, a recent SEC filing unveiled that Brian Mitts, CFO at NexPoint Residential (NYSE:NXRT) made an insider sell.
What Happened: Mitts's decision to sell 5,000 shares of NexPoint Residential was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the sale is $168,700.
NexPoint Residential's shares are actively trading at $32.93, experiencing a down of 0.0% during Thursday's morning session.
All You Need to Know About NexPoint Residential
NexPoint Residential Trust Inc is an us-based real estate investment trust company. Its 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 stockholders. The company seeks to achieve these objectives through targeted management and a capex value-add program. It focuses on acquiring multifamily properties in markets with attractive job growth and household formation fundamentals primarily in the Southeastern and Southwestern United States. The company generates revenue from the rental of multifamily properties.
Key Indicators: NexPoint Residential's Financial Health
Positive Revenue Trend: Examining NexPoint Residential's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.63% as ...