StockNews.com Downgrades NexPoint Residential Trust (NYSE:NXRT) to Sell

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

Separately, Raymond James raised 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.00.

NexPoint Residential Trust Price Performance

NXRT opened at $39.51 on Friday. The company has a fifty day simple moving average of $42.38 and a 200 day simple moving average of $43.56. NexPoint Residential Trust has a twelve month low of $28.20 and a twelve month high of $48.37. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.31 and a beta of 1.42. 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 quarterly earnings data 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 for the quarter, compared to the consensus estimate of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same quarter last year, the business earned $0.76 earnings per share. Equities research analysts expect that NexPoint Residential Trust will post 2.86 EPS for the current fiscal year.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of large investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in shares of NexPoint Residential Trust by 5.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 34,065 shares of the financial services provider’s stock valued at $1,419,000 after buying an additional 1,658 shares during the last quarter. Van ECK Associates Corp grew its position in NexPoint Residential Trust by 8.6% during the fourth quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock worth $177,000 after buying an additional 336 shares in the last quarter. abrdn plc boosted its stake in NexPoint Residential Trust by 30.6% during the fourth quarter. abrdn plc now owns 6,068 shares of the financial services provider’s stock worth $251,000 after buying an additional 1,423 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of NexPoint Residential Trust by 0.9% in the 4th quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider’s stock valued at $37,982,000 after purchasing an additional 8,072 shares during the period. Finally, SG Americas Securities LLC grew its position in NexPoint Residential Trust by 3.7% in the fourth quarter. SG Americas Securities LLC now owns 16,249 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 579 shares during the period. Institutional investors and hedge funds 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.