Monday, August 07, 2017 10:15 PM ET
Significant Insider Buying Reverses neutral Trend over Last 90 Days in Shares of NexPoint Residential Trust (NXRT)
There was a substantial insider purchase in NexPoint Residential Trust shares today as revealed in a filing with the SEC. One insider — James D Dondero, 10% Owner, Director and Officer — bought 41,900 shares in the company having a net market value of approximately $1,017,479. This is the first insider buy/sell trade in the past 90 days.
NexPoint Residential Trust buy-sell trading activity is close to the 30 member peer company average. The Residential REITs peer group saw 40 buy/sell trades during this period for an average of 1.3 transactions per company. However, trading at NexPoint Residential Trust represents a lower number of shares per transaction. Within the peer group there were 657,689 shares purchased and 4,031,702 shares sold with company insiders selling 84,350 shares on average over this time period.
The data obtained in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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