NexPoint Residential Trust (NYSE:NXRT) Downgraded by StockNews.com 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 published on Friday.

Separately, Raymond James raised NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 target price for the company in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $49.00.

NexPoint Residential Trust Trading Down 1.6 %

NexPoint Residential Trust stock traded down $0.64 during mid-day trading on Friday, hitting $38.84. The company's stock had a trading volume of 46,993 shares, compared to its average volume of 98,335. The business has a 50 day moving average price of $42.24 and a 200-day moving average price of $43.59. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37. The stock has a market cap of $986.49 million, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.37 and a beta of 1.42.

Institutional Investors Weigh In On NexPoint Residential Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Valley Wealth Managers Inc. bought a new position in NexPoint Residential Trust in the third quarter worth about $27,000. Point72 DIFC Ltd bought a new position in shares of NexPoint Residential Trust in the 2nd quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 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 valued at $39,000 after purchasing an additional 232 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of NexPoint Residential Trust during the third quarter valued at approximately $42,000. Finally, Quest Partners LLC grew its stake in NexPoint Residential Trust by 104,800.0% in the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider's stock worth $46,000 after purchasing an additional 1,048 shares during the period. Hedge funds and other institutional investors own 76.61% of the company's stock.

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.