NexPoint Residential Trust (NYSE:NXRT) Rating Increased to Hold at StockNews.com

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a report issued on Thursday.

Other analysts also recently issued reports about the company. Raymond James raised NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research note on Monday, October 21st. Truist Financial lifted their target price on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft increased 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $46.83.

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT remained flat at $45.82 during midday trading on Thursday. The stock had a trading volume of 62,917 shares, compared to its average volume of 137,067. The firm has a fifty day simple moving average of $44.73 and a two-hundred day simple moving average of $42.91. The company has a market cap of $1.16 billion, a P/E ratio of 26.18, a PEG ratio of 2.77 and a beta of 1.40. NexPoint Residential Trust has a 1-year low of $28.20 and a 1-year high of $48.37. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). The company had revenue of $64.10 million for the quarter, compared to analysts' expectations of $64.69 million. NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. During the same quarter in the prior year, the firm posted $0.76 EPS. Equities analysts anticipate that NexPoint Residential Trust will post 2.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of NexPoint Residential Trust by 164.0% during the third quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider's stock worth $1,506,000 after buying an additional 21,660 shares in the last quarter. Tidal Investments LLC acquired a new stake in NexPoint Residential Trust during the third quarter worth approximately $1,166,000. Geode Capital Management LLC grew its stake in NexPoint Residential Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider's stock worth $25,358,000 after acquiring an additional 2,740 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in NexPoint Residential Trust by 4.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,530 shares of the financial services provider's stock valued at $1,256,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of NexPoint Residential Trust by 160.3% during the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider's stock worth $2,554,000 after purchasing an additional 35,741 shares during the period. Hedge funds and other institutional investors own 76.61% of the company's stock.

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.