NexPoint Residential Trust (NYSE:NXRT) Stock Rating Lowered by StockNews.com

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

NXRT has been the subject of several other research reports. 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. Truist Financial lifted their target price on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Compass Point upped their price target on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JMP Securities increased their price target on NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Finally, Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have assigned 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 a consensus target price of $46.83.

NexPoint Residential Trust Stock Performance

Shares of NexPoint Residential Trust stock opened at $45.87 on Monday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 1.40 and a beta of 1.37. NexPoint Residential Trust has a twelve month low of $28.20 and a twelve month high of $48.37. The company’s fifty day moving average is $44.09 and its 200 day moving average is $41.33. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly 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). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same quarter last year, the firm posted $0.76 EPS. Sell-side analysts forecast that NexPoint Residential Trust will post 2.78 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXRT. Charles Schwab Investment Management Inc. raised its position in shares of NexPoint Residential Trust by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock worth $14,641,000 after purchasing an additional 8,795 shares during the period. Foundry Partners LLC bought a new stake in NexPoint Residential Trust during the 3rd quarter valued at $6,341,000. Intech Investment Management LLC raised its holdings in NexPoint Residential Trust by 38.3% during the third quarter. Intech Investment Management LLC now owns 9,307 shares of the financial services provider’s stock worth $410,000 after buying an additional 2,575 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of NexPoint Residential Trust in the third quarter valued at $42,000. Finally, Quest Partners LLC lifted its stake in shares of NexPoint Residential Trust by 104,800.0% in the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,048 shares in 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.