Short Interest in NexPoint Residential Trust, Inc. (NYSE:NXRT) Grows By 16.3%

NexPoint Residential Trust, Inc. (NYSE:NXRT - Get Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 363,400 shares, a growth of 16.3% from the January 15th total of 312,500 shares. Approximately 1.7% of the company's shares are short sold. Based on an average trading volume of 111,300 shares, the days-to-cover ratio is presently 3.3 days.

Analyst Ratings Changes

Separately, StockNews.com downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $49.00.

NexPoint Residential Trust Stock Up 0.3 %

Shares of NXRT stock traded up $0.11 on Thursday, hitting $39.14. 193,572 shares of the stock were exchanged, compared to its average volume of 100,802. 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 market capitalization of $994.13 million, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.42. The business has a 50-day moving average of $40.32 and a 200 day moving average of $43.27. NexPoint Residential Trust has a fifty-two week low of $28.20 and a fifty-two week high of $48.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NXRT. Valley Wealth Managers Inc. acquired a new position in shares of NexPoint Residential Trust during the third quarter worth about $27,000. Johnson Financial Group Inc. acquired a new position in shares of NexPoint Residential Trust during the fourth quarter worth about $35,000. Smartleaf Asset Management LLC boosted its position in shares of NexPoint Residential Trust by 104.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider's stock worth $37,000 after buying an additional 456 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position 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 worth $39,000 after buying an additional 232 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of NexPoint Residential Trust during the third quarter worth about $42,000. 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.