NexPoint Residential Trust (NYSE:NXRT) Cut to “Sell” at StockNews.com

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

Separately, 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 report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NexPoint Residential Trust has an average rating of “Hold” and a consensus target price of $49.00.

NexPoint Residential Trust Price Performance

NYSE:NXRT opened at $39.77 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The business’s 50-day simple moving average is $41.06 and its two-hundred day simple moving average is $43.44. The stock has a market cap of $1.01 billion, a PE ratio of 22.73, a P/E/G ratio of 2.40 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.

Institutional Investors Weigh In On NexPoint Residential Trust

Several large investors have recently made changes to their positions in NXRT. Foundry Partners LLC bought a new stake in shares of NexPoint Residential Trust in the third quarter worth about $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NexPoint Residential Trust by 386.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock worth $5,578,000 after acquiring an additional 100,714 shares in the last quarter. Jane Street Group LLC grew its position in NexPoint Residential Trust by 160.3% in the third quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock worth $2,554,000 after acquiring an additional 35,741 shares in the last quarter. JPMorgan Chase & Co. grew its position in NexPoint Residential Trust by 27.3% in the fourth quarter. JPMorgan Chase & Co. now owns 149,020 shares of the financial services provider’s stock worth $6,222,000 after acquiring an additional 31,930 shares in the last quarter. Finally, Norges Bank purchased a new position in NexPoint Residential Trust in the fourth quarter worth about $1,127,000. 76.61% of the stock is owned by 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.