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

StockNews.com downgraded shares of NexPoint Residential Trust (NYSE:NXRT - Free Report) from a hold rating to a sell rating in a research note released on Thursday.

Separately, Raymond James raised NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 price objective on the stock in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $49.00.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock traded down $0.49 during mid-day trading on Thursday, reaching $40.17. The stock had a trading volume of 76,190 shares, compared to its average volume of 88,611. The business's fifty day moving average is $40.83 and its 200-day moving average is $43.39. 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 cap of $1.02 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.40 and a beta of 1.42. NexPoint Residential Trust has a 1-year low of $28.20 and a 1-year high of $48.37.

Institutional Trading of NexPoint Residential Trust

Several hedge funds and other institutional investors have recently bought and sold shares of NXRT. Valley Wealth Managers Inc. acquired a new stake in NexPoint Residential Trust during the third quarter worth about $27,000. Johnson Financial Group Inc. acquired a new stake in NexPoint Residential Trust during the fourth quarter worth about $35,000. Smartleaf Asset Management LLC grew its holdings in 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 acquiring an additional 456 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 acquiring an additional 232 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in NexPoint Residential Trust in the third quarter valued at approximately $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.