NexPoint Residential Trust, Inc. (NASDAQ: NXRT) disclosed that Matt McGraner, the company's Executive Vice President and Chief Investment Officer, bought 6,365 shares of common stock on November 10, 2026. The shares were acquired at $15.70 each, bringing the total value of the transaction to $99,930.
The purchase took place while the stock was trading close to its 52-week low of $15.26. Year-to-date, NexPoint's shares have fallen approximately 45%, according to the filing. Based on an analysis, the stock appears undervalued at current levels, with a Fair Value estimate pointing to significant upside potential.
After the acquisition, McGraner directly holds 379,961.6 shares of common stock. His indirect holdings include 13,053.94 shares through a 401(k) plan, 16,986 shares held by a limited liability company, and 108,630.25 shares held in a trust. McGraner disclaims beneficial ownership of the shares held by the limited liability company and the trust, except to the extent of his pecuniary interest. He serves as trustee of the trust.
The transaction was reported in a filing dated November 13, 2026, and signed by Paul Richards as attorney-in-fact for Matthew R. McGraner.
In other recent developments, NexPoint Residential Trust reported third-quarter 2026 earnings that beat expectations on a per-share basis but missed revenue projections. The company posted adjusted earnings of $0.4578 per share, compared with an anticipated loss of $0.4025 per share. Revenue came in at $64.5 million, slightly below the expected $64.87 million.
NexPoint also updated its full-year Core Funds From Operations (FFO) guidance, now projected to be between $2.17 and $2.27 per share, down from the previous midpoint of $2.45. The company attributed the reduction to weaker occupancy and rent trends, which led to a lowered same-store Net Operating Income (NOI) guidance, forecasting a decline of 3.6% to 5.1%.
Additionally, while the dividend is covered on an annualized basis, it is not covered on a fourth-quarter spot basis. Despite a modest revenue increase from the previous year, same-store performance showed declines, with revenue down 70 basis points and expenses rising by 11.2%. Analysts have noted the company's challenges with leverage and rate sensitivity amid these developments.
Management has been aggressively buying back shares, and the company offers a dividend yield of nearly 14%, according to data. Subscribers can access 10 additional ProTips for NXRT.