NexPoint Residential Trust (NYSE:NXRT) Cut to “Sell” at StockNews.com

StockNews.com cut shares of NexPoint Residential Trust (NYSE:NXRT) from a hold rating to a sell rating in a report released on Thursday.

Separately, Raymond James raised shares of 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 report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.00.

NexPoint Residential Trust Trading Up 2.1 %

NYSE NXRT opened at $40.67 on Thursday. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37. 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 stock’s fifty day moving average price is $41.06 and its 200-day moving average price is $43.44. The stock has a market cap of $1.03 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.40 and a beta of 1.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Valley Wealth Managers Inc. bought a new stake in NexPoint Residential Trust in the 3rd quarter worth about $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of NexPoint Residential Trust by 104.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 456 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 valued at $39,000 after acquiring an additional 232 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of NexPoint Residential Trust in the third quarter worth approximately $42,000. Finally, Quest Partners LLC raised its holdings in shares of NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,048 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

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.