StockNews.com Downgrades NexPoint Residential Trust (NYSE:NXRT) to Sell

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

A number of other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Raymond James raised 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. Finally, Truist Financial increased their price target on NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, NexPoint Residential Trust presently has an average rating of “Hold” and an average price target of $49.00.

NexPoint Residential Trust Stock Performance

NXRT stock opened at $42.52 on Friday. NexPoint Residential Trust has a 1-year low of $28.20 and a 1-year high of $48.37. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock has a 50-day moving average price of $44.87 and a 200-day moving average price of $43.24. The firm has a market cap of $1.08 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40.

NexPoint Residential Trust (NYSE:NXRT) last issued 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 during the quarter, compared to analyst estimates 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, equities research analysts expect that NexPoint Residential Trust will post 2.78 earnings per share for the current year.

Institutional Investors Weigh In On NexPoint Residential Trust

Institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 worth $39,000 after acquiring an additional 232 shares during the last quarter. Van ECK Associates Corp boosted its holdings in NexPoint Residential Trust by 7.3% during the second quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 236 shares during the last quarter. Quantinno Capital Management LP grew its position in NexPoint Residential Trust by 4.1% in the 3rd quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 240 shares in the last quarter. Creative Planning grew its position in NexPoint Residential Trust by 3.0% in the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 341 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in NexPoint Residential Trust by 4.1% in the 2nd quarter. Federated Hermes Inc. now owns 9,094 shares of the financial services provider’s stock valued at $359,000 after buying an additional 359 shares during the last quarter. 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.