NexPoint Residential Trust, Inc. (NYSE:NXRT) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $49.00.

Several research firms have commented on NXRT. StockNews.com lowered shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Raymond James raised 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 report on Monday, October 21st.

Hedge Funds Weigh In On NexPoint Residential Trust

Several institutional investors and hedge funds have recently bought and sold shares of NXRT. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NexPoint Residential Trust by 34.7% in the 3rd 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 during the period. Quantinno Capital Management LP boosted its holdings in shares of NexPoint Residential Trust by 4.1% in the third quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider's stock worth $267,000 after acquiring an additional 240 shares during the period. Van ECK Associates Corp raised its stake in shares of NexPoint Residential Trust by 8.6% during the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider's stock valued at $177,000 after purchasing an additional 336 shares during the period. Creative Planning lifted its holdings in NexPoint Residential Trust by 3.0% during the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider's stock worth $519,000 after purchasing an additional 341 shares in the last quarter. Finally, QSV Equity Investors LLC lifted its holdings in NexPoint Residential Trust by 1.1% during the 3rd quarter. QSV Equity Investors LLC now owns 38,899 shares of the financial services provider's stock worth $1,712,000 after purchasing an additional 426 shares in the last quarter. 76.61% of the stock is owned by institutional investors.

NexPoint Residential Trust Stock Down 0.6 %

Shares of NXRT traded down $0.24 during trading hours on Thursday, reaching $39.85. The stock had a trading volume of 116,201 shares, compared to its average volume of 88,611. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The firm has a 50-day simple moving average of $41.45 and a 200 day simple moving average of $43.49. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 2.40 and a beta of 1.42. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37.

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.