NexPoint Residential Trust (NYSE:NXRT) Upgraded by StockNews.com to "Hold" Rating

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Several other equities analysts have also weighed in on NXRT. 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 research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $49.00.

NexPoint Residential Trust Trading Down 1.7 %

NXRT stock traded down $0.74 on Friday, hitting $41.65. 81,130 shares of the company were exchanged, compared to its average volume of 138,741. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40. NexPoint Residential Trust has a twelve month low of $28.20 and a twelve month high of $48.37. The business's fifty day moving average is $44.66 and its two-hundred day moving average is $43.34.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) 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 net margin of 17.54% and a return on equity of 9.54%. During the same period in the prior year, the firm earned $0.76 earnings per share. As a group, research analysts forecast that NexPoint Residential Trust will post 2.78 earnings per share for the current year.

Institutional Investors Weigh In On NexPoint Residential Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider's stock worth $39,000 after purchasing an additional 232 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of NexPoint Residential Trust by 7.3% in the second quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider's stock worth $137,000 after buying an additional 236 shares during the last quarter. Quantinno Capital Management LP raised its holdings in 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 valued at $267,000 after acquiring an additional 240 shares in the last quarter. Creative Planning boosted its stake 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 valued at $519,000 after acquiring an additional 341 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in NexPoint Residential Trust by 4.1% during the 2nd quarter. Federated Hermes Inc. now owns 9,094 shares of the financial services provider's stock worth $359,000 after acquiring an additional 359 shares in the last quarter. 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.