NexPoint Residential Trust (NYSE:NXRT) Downgraded by StockNews.com 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 Saturday.

NexPoint Residential Trust Price Performance

NYSE NXRT opened at $42.61 on Friday. The stock has a market capitalization of $1.08 billion, a PE ratio of 24.35, a P/E/G ratio of 2.34 and a beta of 1.42. The stock has a 50-day simple moving average of $39.94 and a 200 day simple moving average of $43.15. 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 twelve month low of $28.58 and a twelve month high of $48.37.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of institutional investors and hedge funds have recently bought and sold shares of NXRT. Valley Wealth Managers Inc. bought a new stake in NexPoint Residential Trust in the 3rd quarter valued at $27,000. Johnson Financial Group Inc. bought a new stake in shares of NexPoint Residential Trust in the fourth quarter valued at about $35,000. Smartleaf Asset Management LLC lifted its stake in shares of NexPoint Residential Trust by 104.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after buying an additional 456 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in NexPoint Residential Trust by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock worth $39,000 after buying an additional 232 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in NexPoint Residential Trust during the third quarter valued at about $42,000. Institutional investors own 76.61% of the company’s stock.

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.