NexPoint Residential Trust (NYSE:NXRT) Stock Rating Lowered by StockNews.com

NexPoint Residential Trust (NYSE:NXRT) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

Several other equities research analysts have also recently commented on the stock. 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. Deutsche Bank Aktiengesellschaft boosted their price target on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.00.

NexPoint Residential Trust Trading Down 4.3 %

NXRT stock traded down $1.80 during midday trading on Monday, hitting $39.79. 94,938 shares of the company’s stock were exchanged, compared to its average volume of 107,213. NexPoint Residential Trust has a one year low of $28.20 and a one 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. The company has a market cap of $1.01 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.69 and a beta of 1.42. The stock’s fifty day moving average price is $44.35 and its 200-day moving average price is $43.60.

NexPoint Residential Trust (NYSE:NXRT) last issued 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 business had revenue of $64.10 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $0.76 earnings per share. Research analysts predict that NexPoint Residential Trust will post 2.78 earnings per share for the current fiscal year.

Institutional Trading of NexPoint Residential Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Long Pond Capital LP acquired a new position in shares of NexPoint Residential Trust during the 2nd quarter worth approximately $24,273,000. Geode Capital Management LLC lifted its stake in NexPoint Residential Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock valued at $25,358,000 after acquiring an additional 2,740 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of NexPoint Residential Trust by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock valued at $13,399,000 after acquiring an additional 23,888 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of NexPoint Residential Trust by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock worth $14,641,000 after purchasing an additional 8,795 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of NexPoint Residential Trust by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 244,264 shares of the financial services provider’s stock valued at $9,651,000 after purchasing an additional 9,297 shares during the period. 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.