StockNews.com Upgrades NexPoint Residential Trust (NYSE:NXRT) to Hold

NexPoint Residential Trust (NYSE:NXRT) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other research firms also recently weighed in on NXRT. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, NexPoint Residential Trust has a consensus rating of “Moderate Buy” and an average price target of $49.00.

NexPoint Residential Trust Stock Down 1.7 %

NexPoint Residential Trust stock opened at $41.65 on Friday. The company has a market capitalization of $1.06 billion, a PE ratio of 23.80, a PEG ratio of 2.69 and a beta of 1.40. NexPoint Residential Trust has a 12-month low of $28.20 and a 12-month high of $48.37. The firm’s fifty day moving average is $44.72 and its 200 day moving average is $43.31. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same period last year, the firm posted $0.76 earnings per share. As a group, sell-side analysts predict that NexPoint Residential Trust will post 2.78 EPS for the current fiscal year.

Institutional Trading of NexPoint Residential Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Valley Wealth Managers Inc. purchased a new position in shares of NexPoint Residential Trust during the third quarter valued at approximately $27,000. Point72 DIFC Ltd purchased a new stake in NexPoint Residential Trust in the 2nd quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 232 shares in the last quarter. Signaturefd LLC boosted its holdings in NexPoint Residential Trust by 238.4% during the 2nd quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 732 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of NexPoint Residential Trust in the 3rd quarter worth $42,000. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.