NexPoint Residential Trust (NYSE:NXRT) Given New $43.00 Price Target at Jefferies Financial Group

NexPoint Residential Trust (NYSE:NXRT) had its target price lifted by stock analysts at Jefferies Financial Group from $41.00 to $43.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 4.02% from the stock’s current price.

Several other research firms also recently weighed in on NXRT. Truist Financial raised their price target on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday. StockNews.com cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $47.33.

NexPoint Residential Trust Price Performance

NYSE NXRT traded up $0.68 during mid-day trading on Monday, hitting $41.34. The stock had a trading volume of 8,372 shares, compared to its average volume of 122,126. NexPoint Residential Trust has a twelve month low of $29.01 and a twelve 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 firm’s 50 day moving average is $39.85 and its 200 day moving average is $43.01. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.34 and a beta of 1.43.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Nexpoint Asset Management L.P. raised its position in NexPoint Residential Trust by 100.0% in the fourth quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider’s stock valued at $65,245,000 after purchasing an additional 781,266 shares during the period. Copeland Capital Management LLC increased its position in shares of NexPoint Residential Trust by 0.9% during the 4th quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider’s stock worth $37,982,000 after purchasing an additional 8,072 shares during the last quarter. Geode Capital Management LLC raised its holdings in NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after buying an additional 2,740 shares during the period. Northern Trust Corp lifted its position in NexPoint Residential Trust by 18.6% in the fourth quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider’s stock valued at $18,202,000 after buying an additional 68,471 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in NexPoint Residential Trust by 2.6% during the fourth quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider’s stock worth $15,929,000 after buying an additional 9,754 shares during the period. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.