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

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

Several other research firms have also recently commented on NXRT. Deutsche Bank Aktiengesellschaft raised their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a research note 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 objective for the company in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, NexPoint Residential Trust has a consensus rating of “Hold” and a consensus target price of $49.00.

NexPoint Residential Trust Stock Performance

NYSE:NXRT opened at $39.06 on Monday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust has a fifty-two week low of $28.20 and a fifty-two week high of $48.37. The company has a 50 day simple moving average of $44.27 and a two-hundred day simple moving average of $43.62. The company has a market capitalization of $992.28 million, a PE ratio of 22.32, a P/E/G ratio of 2.69 and a beta of 1.42.

NexPoint Residential Trust (NYSE:NXRT) last released 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 firm 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 quarter in the previous year, the firm earned $0.76 EPS. Research analysts anticipate that NexPoint Residential Trust will post 2.78 earnings per share for the current year.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors have recently modified their holdings of the company. Long Pond Capital LP acquired a new position in NexPoint Residential Trust during the second quarter worth $24,273,000. Foundry Partners LLC bought a new stake in shares of NexPoint Residential Trust during the third quarter worth about $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NexPoint Residential Trust by 386.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock worth $5,578,000 after acquiring an additional 100,714 shares during the last quarter. Jane Street Group LLC lifted its position in NexPoint Residential Trust by 160.3% in the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after acquiring an additional 35,741 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in NexPoint Residential Trust during the 3rd quarter valued at about $1,166,000. 76.61% of the stock is owned by institutional investors and hedge funds.

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.