NexPoint Residential Trust (NYSE:NXRT) Downgraded to “Sell” Rating by StockNews.com

NexPoint Residential Trust (NYSE:NXRT) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Separately, Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.00.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $39.51 on Friday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.31 and a beta of 1.42. NexPoint Residential Trust has a 52 week low of $28.20 and a 52 week high of $48.37. The stock has a 50 day moving average price of $42.38 and a two-hundred day moving average price of $43.56. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). The business had revenue of $64.10 million for the quarter, compared to the consensus estimate of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same quarter last year, the business posted $0.76 earnings per share. Equities analysts forecast that NexPoint Residential Trust will post 2.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NexPoint Residential Trust

Large investors have recently bought and sold shares of the business. Jane Street Group LLC raised its stake in shares of NexPoint Residential Trust by 160.3% during the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after buying an additional 35,741 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of NexPoint Residential Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after purchasing an additional 2,740 shares in the last quarter. Franklin Resources Inc. lifted its stake in NexPoint Residential Trust by 164.0% in the third quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock worth $1,506,000 after acquiring an additional 21,660 shares during the last quarter. BNP Paribas Financial Markets increased its stake in NexPoint Residential Trust by 23.4% in the third quarter. BNP Paribas Financial Markets now owns 7,348 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 1,393 shares during the last quarter. Finally, Stifel Financial Corp increased its position in NexPoint Residential Trust by 8.3% during the third quarter. Stifel Financial Corp now owns 54,646 shares of the financial services provider’s stock worth $2,405,000 after buying an additional 4,189 shares during the period. Institutional investors own 76.61% of the company’s stock.

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.