NexPoint Residential Trust (NYSE:NXRT) Stock Rating Upgraded by 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 report issued on Tuesday.

A number of other equities analysts also recently weighed in on NXRT. Compass Point boosted their price target on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JMP Securities boosted their target price on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted 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 increased their price objective on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, NexPoint Residential Trust presently has a consensus rating of “Hold” and a consensus price target of $46.83.

NexPoint Residential Trust Price Performance

NexPoint Residential Trust stock opened at $45.40 on Tuesday. NexPoint Residential Trust has a 52 week low of $28.20 and a 52 week high of $48.37. The company’s 50 day moving average price is $44.10 and its two-hundred day moving average price is $41.58. The stock has a market cap 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. 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 issued 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 return on equity of 9.54% and a net margin of 17.54%. The business had revenue of $64.10 million for the quarter, compared to the consensus estimate of $64.69 million. During the same quarter last year, the business posted $0.76 earnings per share. On average, equities analysts predict that NexPoint Residential Trust will post 2.78 earnings per share for the current year.

Institutional Trading of NexPoint Residential Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Valley Wealth Managers Inc. purchased a new position in NexPoint Residential Trust during the third quarter valued at approximately $27,000. Point72 DIFC Ltd purchased a new position in shares of NexPoint Residential Trust during the 2nd quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NexPoint Residential Trust by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 232 shares during the period. Signaturefd LLC raised its position in shares of NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock worth $41,000 after buying an additional 732 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in NexPoint Residential Trust during the third quarter valued at $42,000. 76.61% of the stock is currently 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.