NexPoint Residential Trust (NYSE:NXRT) Stock Rating Upgraded by StockNews.com

NexPoint Residential Trust (NYSE:NXRT) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, NexPoint Residential Trust has an average rating of “Moderate Buy” and a consensus target price of $49.00.

NexPoint Residential Trust Trading Up 2.2 %

NXRT stock opened at $38.21 on Tuesday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The company has a fifty day moving average price of $44.00 and a two-hundred day moving average price of $43.61. NexPoint Residential Trust has a one year low of $28.20 and a one year high of $48.37. The stock has a market cap of $970.69 million, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.69 and a beta of 1.42.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The business 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 in the previous year, the firm posted $0.76 EPS. Equities analysts anticipate that NexPoint Residential Trust will post 2.78 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Long Pond Capital LP acquired a new position in NexPoint Residential Trust in the second quarter valued at about $24,273,000. Geode Capital Management LLC raised its stake in NexPoint Residential Trust by 0.5% during the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock worth $25,358,000 after acquiring an additional 2,740 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in NexPoint Residential Trust by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock worth $13,399,000 after acquiring an additional 23,888 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in NexPoint Residential Trust by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock worth $14,641,000 after acquiring an additional 8,795 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in NexPoint Residential Trust by 10.5% during the second quarter. Renaissance Technologies LLC now owns 161,713 shares of the financial services provider’s stock worth $6,389,000 after acquiring an additional 15,400 shares in the last quarter. Institutional investors and hedge funds own 76.61% of the company’s stock.

About NexPoint Residential Trust

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.