NexPoint Residential Trust (NYSE:NXRT) Upgraded 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 analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research 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 report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $41.65 on Friday. The stock has a 50 day moving average of $44.72 and a 200 day moving average of $43.31. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.69 and a beta of 1.40. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month 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.

NexPoint Residential Trust (NYSE:NXRT) last announced its 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 for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.76 earnings per share. As a group, sell-side analysts forecast that NexPoint Residential Trust will post 2.78 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of NexPoint Residential Trust by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 244,264 shares of the financial services provider’s stock valued at $9,651,000 after buying an additional 9,297 shares during the period. Signaturefd LLC grew 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 valued at $41,000 after acquiring an additional 732 shares in the last quarter. Van ECK Associates Corp increased its holdings in NexPoint Residential Trust by 7.3% during the 2nd quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 236 shares during the period. Capital Square LLC lifted its stake in NexPoint Residential Trust by 5.2% in the 2nd quarter. Capital Square LLC now owns 12,735 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 627 shares in the last quarter. Finally, First Foundation Advisors boosted its holdings in NexPoint Residential Trust by 20.8% in the 2nd quarter. First Foundation Advisors now owns 16,221 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 2,794 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

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.