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

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

Several other equities research analysts also recently issued reports on NXRT. Deutsche Bank Aktiengesellschaft boosted their price objective on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Raymond James raised 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.00.

NexPoint Residential Trust Price Performance

Shares of NXRT stock opened at $41.65 on Friday. The firm’s 50-day moving average is $44.66 and its two-hundred day moving average is $43.43. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37. 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 market capitalization of $1.06 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40.

NexPoint Residential Trust (NYSE:NXRT) last posted its 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 company 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 in the previous year, the company earned $0.76 EPS. 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

A number of large investors have recently modified their holdings of the company. Valley Wealth Managers Inc. acquired a new position in shares of NexPoint Residential Trust during the third quarter worth $27,000. Point72 DIFC Ltd purchased a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at about $32,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 in the last quarter. Signaturefd LLC lifted its stake in NexPoint Residential Trust by 238.4% during the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 732 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in NexPoint Residential Trust in the third quarter valued at approximately $42,000. 76.61% of the stock is owned by hedge funds and other 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.