NexPoint Residential Trust (NYSE:NXRT) Downgraded to “Sell” Rating 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 report issued on Friday.

NXRT has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upped 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 upped their price objective on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.83.

NexPoint Residential Trust Stock Performance

NexPoint Residential Trust stock traded up $0.88 during mid-day trading on Friday, reaching $42.52. The company’s stock had a trading volume of 874,741 shares, compared to its average volume of 139,843. NexPoint Residential Trust has a 12-month low of $28.20 and a 12-month high of $48.37. The firm’s fifty day moving average price is $44.87 and its two-hundred day moving average price is $43.21. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $1.08 billion, a P/E ratio of 24.30, a PEG ratio of 2.69 and a beta of 1.40.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) EPS for the quarter, missing the consensus estimate 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 company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same quarter in the prior year, the business earned $0.76 EPS. Sell-side analysts predict that NexPoint Residential Trust will post 2.78 EPS for the current fiscal year.

Institutional Investors Weigh In On NexPoint Residential Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXRT. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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 valued at $39,000 after acquiring an additional 232 shares during the last quarter. Van ECK Associates Corp grew its position in shares of NexPoint Residential Trust by 7.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock worth $137,000 after buying an additional 236 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of NexPoint Residential Trust by 4.1% during the third quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock valued at $267,000 after buying an additional 240 shares during the period. Creative Planning lifted its stake in NexPoint Residential Trust by 3.0% in the third quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 341 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in NexPoint Residential Trust by 4.1% in the second quarter. Federated Hermes Inc. now owns 9,094 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 359 shares in the last quarter. 76.61% of the stock is currently owned by 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.