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

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

NXRT has been the topic of a number of other research reports. Raymond James upgraded shares of 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 report on Monday, October 21st. JMP Securities upped their price target on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Compass Point upped their target price on NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Truist Financial raised their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.83.

NexPoint Residential Trust Stock Performance

NexPoint Residential Trust stock opened at $45.40 on Tuesday. The business has a 50 day moving average of $44.10 and a 200-day moving average of $41.58. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust has a 1 year low of $28.20 and a 1 year high of $48.37. The company has a market capitalization of $1.15 billion, a P/E ratio of 25.94, a P/E/G ratio of 1.52 and a beta of 1.37.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 17.54% and a return on equity of 9.54%. During the same period in the previous year, the business posted $0.76 EPS. On average, equities research analysts predict that NexPoint Residential Trust will post 2.78 earnings per share for the current year.

Institutional Investors Weigh In On NexPoint Residential Trust

Several hedge funds and other institutional investors have recently made changes to their positions in NXRT. Long Pond Capital LP bought a new position in NexPoint Residential Trust in the 2nd quarter valued at about $24,273,000. Foundry Partners LLC purchased a new stake in shares of NexPoint Residential Trust in the third quarter worth approximately $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 purchasing an additional 100,714 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of 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 valued at $2,554,000 after purchasing an additional 35,741 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 valued at $13,399,000 after buying an additional 23,888 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

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.